1 Nov 2010

SmartPay reports loss

6:19 pm on 1 November 2010

SmartPay has reported a loss of $2 million in the six months to September.

That's a turnaround from the $353,000 profit in the same period a year ago.

Revenue rose 21% to $21.7 million.

The retail merchant services company is forecasting gross earnings of $7 million to $7.5 million, the lower end of its intitial range.