Net 1 UEPS Technologies (UEPS) Misses Q2 EPS by 9c

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Net 1 UEPS Technologies, Inc. Reports Second Quarter 2016 Results

February 4, 2016 4:05 PM EST

JOHANNESBURG, SOUTH AFRICA -- (Marketwired) -- 02/04/16 -- Net 1 UEPS Technologies, Inc. (NASDAQ: UEPS)(JSE: NT1) today released results for the second quarter of fiscal 2016.

Q2 2016 Revenue of $150.3 million, a constant currency increase of 23%; Q2 2016 FEPS of $0.42, which includes an adverse impact of $0.09 per share attributable to taxes, and incremental expenses to expand operations and infrastructure; Net loan book increased 40% from Q1 2016, and more than 800,000 EPE accounts opened, 800 ATMs deployed and 110 branches opened by January 2016; Repurchase of 749,213 shares of Net1 common stock for approximately $11.2 million.

Summary Financial Metrics

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