Group revenue fell 4% in the technology group’s second quarter to end-December
Net1 UEPS, a payment processor and bill payment platform, says the global semiconductor chip shortage put pressure on its revenue in its second quarter to end-December, though it is making progress with cost-cutting efforts.
Group revenue fell 4% to $31.1m to end-December, Net1 said on Thursday, but its operating loss improved 38% to $9.4m, partly due to the closure of its loss-making International Payments Group business in 2021...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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