eServGlobal celebrates stronger balance sheet

Company News

eServGlobal Limited (ASX:ESV) has booked a 24 per cent lift in first half revenue to $13.6 million.
 
The mobile money solutions company generated a net loss of $2.5 million in the first half, a significant improvement on its $11.2 million loss in 2012.
 
eServeGlobal is positive on its outlook, with a number of projects in the pipeline for the remainder of the year.
 
The company says it’s signed a new strategic partnership with Mastercard and secured its largest mobile money deal with a major operator in the Middle East and North Africa, worth over $US12 million over the next three years.
 
eServGlobal says it has a stronger balance sheet following a capital raising earlier this year that has allowed it to compete for larger contracts.

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