The First quarter financial report of ETRANZACT INTERNATIONAL PLC for the period ended March 31st 2019 showed that the group advanced by 68% in Turnover to settle at N5.592 billion from the previous close of N3.323 billion in 2018.
The Profit after Tax (PAT), grew by 471% to arrive at N90.7 million from N15.8 million recorded in Q1’18.
The Company’s earnings per share grew above 400% to N0.02 in the current period while the PE Ratio and Earnings Yield at a stock value of N2.64 stood at 122x and 0.82% respectively.
eTranzact International Plc is a payment technology provider. The Company is principally engaged in the processing of all facets of electronic payment transactions using its switching platform. The Company’s segments are Air time purchases, Other commissions, and Maintenance and support services, software development and others.
The Company also provides maintenance and software development services. The switching platform processes transactions across various channels, which include mobile phones (global system for mobile communications (GSM), code division multiple access (CDMA) or analog), Web (using any Internet browser in a secured transaction), point of sale (POS), automated teller machine (ATM), other mobile devices and bank branches.
Its products include eTranzact Genesis, eRemit, eTranzact ATM CardlexCash, eTranzact WebConnect, eTranzact CorporatePay, eTranzact Strong Authentication, eTranzact WebConnect and eTranzact mCommerce.