EFT Canada Inc. (TSX VENTURE:EFT), a leader in electronic transaction
processing, reported record revenues and net income due to a strong recurring
revenue base and an increase in transactions processed for the year ended June
30, 2012.


EFT Canada reported net income of $540,893, or 4 cents per share, compared to a
loss of $89,585, or .007 cents per share, in the prior year. Gross revenue
increased by 102%.


EFT Canada stated that overall transactions processed rose 132%, driven
primarily by an increase in new clients and an improved United States economy.


Financial and operating highlights include:



----------------------------------------------------------------------------
                                           Year Over Year                   
                           June 30, 2012         Increase      June 30, 2011
----------------------------------------------------------------------------
Revenues                     $ 2,386,562             102%       $ 1,182,096 
----------------------------------------------------------------------------
Gross Profit                 $ 1,618,050              70%       $   949,208 
----------------------------------------------------------------------------
EBIDTA                       $   590,201             595%       $    84,877 
----------------------------------------------------------------------------
Net Income/(Loss)            $   540,893             703%       $   (89,585)
----------------------------------------------------------------------------
EPS                          $      0.04             671%       $    (0.007)
----------------------------------------------------------------------------
Transactions Processed         4,323,908             132%         1,858,992 
----------------------------------------------------------------------------
Dividends Paid Per Share     $     0.005               0%       $     0.005 
----------------------------------------------------------------------------



"We are very pleased with our financial and operational results for the year
ended June 30, 2012," commented Jonathan Pasternak, President. "EFT Canada will
continue to invest in new products and existing technologies and plans to launch
its PCI Level 1 proprietary credit card gateway early 2013."


EFT Canada, founded in 2003, is a financial processing company that offers a
complete solution to the collection and payment processing needs of small and
medium sized business merchants, banks, credit unions, and other financial firms
in Canada and the United States. The Company develops, maintains and delivers
innovative electronic transaction processing technologies, such as customized
electronic payment and collection processing solutions and gift and loyalty card
services, by drawing on its operational and applications expertise. For more
information, please call 416-781-0666 or visit www.eftcanada.com.


This press release contains forward-looking statements which reflect the
Company's current expectations regarding future events. The forward-looking
statements involve risks and uncertainties. Actual results could differ
significantly from those projected herein.


FOR FURTHER INFORMATION PLEASE CONTACT: 
EFT Canada Inc.
Jonathan Pasternak
(416) 781-0666
jpasternak@eftcanada.com
www.eftcanada.com

Grafico Azioni EFT Canada Inc. (TSXV:EFT)
Storico
Da Mag 2024 a Giu 2024 Clicca qui per i Grafici di EFT Canada Inc.
Grafico Azioni EFT Canada Inc. (TSXV:EFT)
Storico
Da Giu 2023 a Giu 2024 Clicca qui per i Grafici di EFT Canada Inc.