Smartpeak helps in Retail business

August2018-10-14

(Hong Kong, PRC, 12th August 2019) PAX Global Technology Limited (“PAX" or the "Company" or the “Group”, HKSE stock code: 00327.HK), one of the world’s leading providers of electronic payment terminal (“E-payment terminal”) solutions and related services, is pleased to announce the unaudited interim financial results for the six months ended 30th June 2019 (the “Period”).

 

 

Revenue of HK$ 2366.3 million, up 26.2% on a comparable basis.

 

1. Particularly impressive performance coming from the LACIS and APAC region, where growth was approximately 50%

2. Profit attributable to the owners of the Company increased significantly by 25.9% to HK$ 325.5 million.

3. During the period, the Group’s overseas markets turnover proportion further surged to 93.3%.

4. In the first half of 2019, the Group’s revenue from overseas markets increased significantly by 38.7% to HK$ 2,206.9 million (1H2018: HK$ 1,591.2 million).

5. The revenue contribution from our smart payment terminals continued to increase, with over 300,000 Android terminals alone shipped in the first half of 2019.

6. As at 30 June 2019, the Group had cash and cash equivalents and short-term bank deposits of HK$2,579.6 million (31 December 2018: HK$2,162.7 million).

PAX payment terminal solutions continue to receive widespread global recognition, with the Group achieving impressive growth in overseas markets during the period, contributing to the Group’s revenue increase of 26.2% to HK$ 2,366.3 million. Profit attributable to the owners of the Company increased significantly by 25.9% to HK$ 325.5 million. The basic earnings per share was HK$ 29.6 cents (1H2018: HK$ 23.5 cents). The Board of Directors of the Company has resolved to declare an interim dividend of HK$ 0.04 per ordinary share.

 

As one of the leading global suppliers of E-payment Terminals solutions, PAX is committed to expanding its global footprint and strengthening its brand recognition. Many leading acquiring banks and payment service providers (PSPs) around the world are now using PAX solutions. During the period, the Group's overseas markets turnover proportion further surged to 93.3%. In the first half of 2019, the Group's revenue from overseas markets increased significantly by 38.7% to HK$ 2,206.9 million (1H2018: HK$ 1,591.2 million), with particularly impressive performance coming from the LACIS and APAC regions, where growth was approximately 50%. The revenue contribution from our smart payment terminals continued to increase, with over 300,000 Android terminals alone shipped in the first half of 2019.

 

 

PAX's Android-based terminal portfolio, comprising SmartPOS, SmartECR and SmartKiosk solutions, continues to be very well received by merchants since the global launch. More acquiring organizations and PSPs around the world are now cooperating with PAX. The innovative PAXSTORE platform delivers an array of value-added applications, thereby enabling a more modern approach to terminal estate administration, customer relationship management and data analysis. PAXSTORE ecosystem already has more than 70 marketplaces operating worldwide. These PAX’s comprehensive and innovative solutions are taking the world of payment to new heights.