Net1 reschedules Q4 2019 results and call following delay due to Cell C; Reports preliminary Q4 2019 highlights
Net 1 UEPS Technologies, Inc. (UEPS)
Last net 1 ueps technologies, inc. earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
ir.net1.com
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Source: GlobeNewswire
JOHANNESBURG, South Africa, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Net 1 UEPS Technologies, Inc. (NasdaqGS: UEPS; JSE: NT1) (“Net1” or the “Company”) today announced preliminary financial and operating highlights for the fourth quarter of 2019. The Company also announced that it is rescheduling the release of its audited results in order to allow more time for clarification on various developments in respect of the proposed transactions at Cell C, as this information is expected to significantly impact the carrying value of its Cell C investment as of June 30, 2019. The Company will now release fourth quarter and year end 2019 results after the market close on September 26, 2019 and host a conference call to review these results on September 27, 2019, at 8:00 a.m. Eastern Time. Q4 2019 Preliminary and Unaudited Financial and Operating Highlights: Consolidated revenue is expected to be approximately $70 million. In Q3 2019, the Company reported revenue of $87 million, which included a
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