EFT announces positive profit alert and expects a substantial increase in profit for 2018Q1

August 07, 2018 - 11:00
EFT announces positive profit alert and expects a substantial increase in profit for 2018Q1

HONG KONG, CHINA - Media OutReach - 7 August 2018 -  EFT Solutions HoldingsLimited ("EFT", Stock Code: 8062), a leadingelectronic fund transfer at point-of-sale ("EFT-POS") solution provider in HongKong, is pleased to announce that, the Group is expected to record asubstantial increase in its profit for the period for the three months ended 30June 2018 as compared to the corresponding period in the previous year. Suchincrease was mainly attributable to the increase in sourcing of EFT-POSterminals and peripheral devices and the Group's entrance into the market ofpoint-of-sale software solution starting from June 2018, through theacquisition of Earn World Development Limited together with its subsidiaries ("EarnWorld Group").

 

Mr. Lo Chun Kit Andrew, Chairman,Chief Executive Officer and Executive Director of EFT said, "Electronic payment has seen developmentin Hong Kong. With the upcoming launch of faster payment system in September, itis expected that electronic payment will penetrate into public's daily payment transactionsand grow rapidly in the future. Looking forward, the Group aims at integratingEarn World Group's software solutions with our EFT-POS terminal and softwaresolutions in order to provide enhanced one-stop integrated payment solution servicesto our clients, enlarge our market share, as well as maximize return of our shareholdersand investors."


About EFT Solutions Holdings Limited

EFT Solutions Holdings Limited (StockCode: 8062) has been committedto providing a full range of electronic payment solutions, supporting softwareand peripheral devices. It aims at providing the most suitable electronicpayment solution for different customers, as well as providing add-valuefunction for EFT-POS terminal, and coordinating terminal installation and maintenanceservice. Its EFT-POS terminal service covers all major chain stores anddepartment stores in Hong Kong.


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