Business
Interim Results
Interim Results.
About this update from Mobilityone Limited
[{"type":"text","content":"\n RNS Number : 3533E MobilityOne Limited 26 September 2008 \n \nMobilityOne Limited\n('MobilityOne' or the 'Company')\n\nInterim results for the six month ended 30 June 2008\n\nMobilityOne (AIM : MBO), an e-commerce infrastructure payment solutions and platform provider in Malaysia and Indonesia via its subsidiaries MobilityOne Sdn Bhd ('MobilityOne Malaysia'), Netoss Sdn Bhd and PT MobilityOne Indonesia (collectively known as 'Group'), today announces its unaudited interim results for the six months ended 30 June 2008.\n\nHighlights: \n\n\n\nRevenue down 24% to £6.09 million (H1 2007 : £7.97 million)\n\n\n\n\nProfit before taxation down 96% to £16k (H1 2007 : £439k)\n\n\n\n\nEarnings per share down 96% to 0.02 pence (H1 2007 : 0.54 pence)\n\n\n\n\nNumber of banking payment channels increased \n\n\n\n\nIntroduced new 'OnePay' and 'RapidPay' self-service terminals for prepaid reloads\n\n\n\nCommenting on the results, Hussian A. Rahman, Chief Executive Officer said:\n'In the first half of 2008, the performance of the Group has been affected by the slowing down of the global economy whereby some of the Group's projects and business expansion had been affected and/or delayed. In addition, the Group had incurred higher operating costs and expenses to explore new business opportunities in the overseas markets and to set up a new subsidiary in Indonesia. \n\n'In view of the uncertain global economic outlook, it will continue to be a challenge for the Group's performance for the second half of 2008. Nevertheless, the Group remains committed to develop more innovative technologies and expand the range of products and services.' \n\n\nAbout the Group:\n\nMobilityOne is the holding company of an established group of companies in the business of providing e-commerce infrastructure payment solutions and platforms through their proprietary technology solutions, which are marketed under the brands MoCS and ABOSSE.\n\nThe Group has developed an end-to-end e-commer...