JOHANNESBURG: Net 1 boosted its bottom line in the year to June as its new offerings continue to gain momentum.
In the year to June, the company saw overall revenue gain 8 percent to $626 million, while net income lept 35 percent to $94.7 million. Fundemental earnings per share gained 6 percent to 2.32, it said. Chairman and CEO Serge Belamant declared himself “thrilled” with the performance. He attributes the company’s gains to its ability to “execute on our strategy extremely well”.
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Belamant added its recent new initiative, Zazoo, is gaining momentum and has inked deals with Uber, Microsoft, and BitX.
