Net 1 UEPS Technologies (UEPS) Reports Q2 Loss of $0.88/Share
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Net 1 UEPS Technologies, Inc. Reports Second Quarter 2019 Results
February 7, 2019 4:05 PM ESTJOHANNESBURG, South Africa, Feb. 07, 2019 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (Nasdaq: UEPS; JSE: NT1) today released results for the second fiscal quarter ended December 31, 2018.
 Q2 2019 Highlights:
Revenue of $97.2 million and Fundamental EPS of $(0.88)Fundamental EPS of ($0.88) includes $0.74 per share of non-cash adjustments, including a $0.41 allowance for doubtful loans receivable, $0.28 Cell C fair value loss adjustment, and $0.05 Cedar Cell note impairment loss;Operating loss was attributable primarily to our rural South African businesses;Adjusted negative EBITDA of approximately $25 million including approximately $23 million for... More