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Bartercard is booming

BPS Technology Limited (ASX: BPS) which operates the Bartercard system is pleased to announce its FY15 results for the year ended 30 June 2015 (FY15) which saw the company deliver a Net Profit After Tax (NPAT) of $7.9m, exceeding its Prospectus forecast of $6.5m.

The Directors have declared a final unfranked dividend of 3.25 cents per share, taking the full year dividend to 5.5 cents per share.

Commenting on the results BPS Technology’s Chief Executive Officer, Mr Trevor Dietz, said “This is a very pleasing result for BPS in its first year as a listed company. The result reflects continued growth of our Bartercard business, which now operates in eight countries. In addition, management has had a strong focus on cost control which has helped it exceed the profit forecast.”

Here is the link to the latest ASX release on BPS Technologies results.
http://www.asx.com.au/asxpdf/20150827/pdf/430wdfvvpyg4jm.pdf

FY15 was a milestone year for BPS Technology:

·         Revenue of $48.1m

·         EBITDA of $10.1m, exceeding Prospectus forecast of $9.9m

·         NPAT of $7.9m, exceeding Prospectus forecast of $6.5m by 22%

·         EPS of 13.5 cents, exceeding Prospectus forecast of 11.11 cents by 22%

·         Strong balance sheet with net cash of $2.7m and undrawn debt facilities of $4m

·         New international licences for Bartercard in China, India and South Africa poised to provide  future revenue streams and trading opportunities

·         Declared a final unfranked dividend of 3.25 cps taking the full year dividend to 5.5 cps

About BPS Technology

BPS Technology Limited is an ASX listed company whose subsidiaries operate in 8 countries. More than 24,000 SMEs transact in excess of 1.8m transactions worth $600m+ per annum using its various technology platforms. BPS earns fees on all transactions over the platforms.

About Bartercard

Bartercard is the world’s largest trade exchange. It allows small to medium businesses to conduct business transactions without the use of cash. There are more than 54,000 card holders in 8 countries. Bartercard transactions can be conducted on-line, via its mobile app or across more than 7,000 bank EFTPOS terminals.

About bucqi

bucqi is a disruptive technology based around a loyalty platform designed for SMEs combined with a robust and innovative mobile payment app for both merchants and consumers. Payments platform has been two years in the making and has a number of patents pending. It allows consumers to easily pay for goods and services without taking out their wallet or swiping their credit card and they earn and redeem reward points via a wide range of participating suppliers.

About TESS

TESS (Trade  Exchange  Software  Services) is a software  platform  which  was  developed  to  support all trade exchanges globally. It is the only software recognised and recommended as preferred software by the International Reciprocal Trade Association (IRTA) - the largest professional body governing of the industry globally. TESS produces versions of its software created to service small, medium, large and enterprise level exchanges.
 
Source: retailbiz.com.au –  Friday 28th August, 2015.
www.bartercard.com.au