EFT announces positive profit alert and expects a substantial increase in profit for 2018/19FY 1H

November 07, 2018 - 14:54
EFT announces positive profit alert and expects a substantial increase in profit for 2018/19FY 1H

HONG KONG, CHINA - Media OutReach - 7 November 2018 - EFTSolutions Holdings Limited ("EFT",Stock Code: 8062), a leading electronic fund transfer atpoint-of-sale ("EFT-POS") solution provider in Hong Kong, is pleased to announce that, the Group is expected to record a substantial increase in its profit for the period for the six months ended 30 September 2018 ("2018/19FY 1H") as compared to the corresponding period in the previous year. Such increase was mainly attributable to the increase in sourcing of EFT-POS terminals and peripheral devices and the contributions from provision of point of sale software solutions services with the completion of acquisition of Earn World Development Limited on 31 May 2018.

 

Mr. Lo Chun KitAndrew, Chairman, Chief Executive Officer and Executive Director of EFT said, "The implementation ofFaster Payment System in September 2018 by the Hong Kong Monetary Authority hasaccelerated the development of electronic payment and e-wallet in Hong Kong. Itis anticipated that electronic payment will become more popular with variousways of usage. The group will continue to penetrate into electronic paymentmarket, to achieve business growth as well as maximize return of ourshareholders and investors."

 

About EFT Solutions HoldingsLimited

EFT Solutions HoldingsLimited (Stock Code: 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 major chain stores and departmentstores in Hong Kong.


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