SmartPay Holdings Limited reported unaudited Group earnings results for the six months ended September 30, 2017. For the period, the company reported revenue from continuing operations was NZD 10,410,000 against NZD 10,703,000 a year ago. Earnings before interest, tax, depreciation, share options expense, amortisation, impairments, and unrealised foreign exchange was NZD 4,405,000 against NZD 4,204,000 a year ago. Profit before tax was NZD 587,000 against NZD 458,000 a year ago. Profit for the period from continuing operations of owners was NZD 870,000 against NZD 517,000 a year ago. Basic and diluted earnings per share from continuing operations attributable to the equity holders of the company during the period were 0.51 cents against 0.30 cents a year ago. Net cash inflow from operating activities was NZD 3,427,000 against NZD 2,665,000 a year ago. Purchase of terminal assets and other property, plant and equipment was NZD 2,655,000 against NZD 2,455,000 a year ago. Spend on intangible assets was NZD 1,674,000 against NZD 1,081,000 a year ago. Net debt increased to NZD 24.9 million from NZD 24.0 million at March 2017 due to: as foreshadowed in the March 2017 year end commentary, the payment terms with the terminal supplier are such that the remainder of the NZ terminal upgrade payments carried over into the first half of the current financial year; capex associated with the continued growth of the Australian terminal fleet; and increasing investment in the 2 major growth initiatives, Australian acquiring and the SmartConnect platform.

The company provided earnings guidance for the year 2017. For the year, the company expected revenue of NZD 20.5 million to NZD 22.5 million, EBITDA of NZD 9.5 million to NZD 10.5 million, NPAT of NZD 2.0 million to NZD 3.0 million and diluted EPS of 1.2 cents to 1.7 cents.