eServGlobal Limited Trading Update and Notice of Results (5596I)

TIDMESG

RNS Number : 5596I

eServGlobal Limited

02 June 2014

eServGlobal Limited (eServGlobal or the "Company")

Trading update and Notice of Results

Paris: 2 June 2014

eServGlobal (AIM:ESG & ASX:ESV), the provider of end-to-end mobile financial services to emerging markets, is pleased to provide the following trading update ahead of the release of its half-year results for the six month period ended 30 April 2014 ("H1 FY2014").

Following the return to full year profitability in FY2013, the Company is pleased to announce that, as stated at the AGM in March 2014, the Company anticipates announcing a positive EBTIDA within its core business for H1 FY2014. These unaudited results follow continued momentum for its domestic mobile money services, including several new customer wins and expansion within the existing customer base.

As previously communicated, the HomeSend joint venture with MasterCard and BICS closed on 3 April 2014, and will result in a "one-off" gain on sale before tax of between AUD$33.0-34.0 million.

The audited results for H1 FY2014 will be published on 30 June 2014.

The management will be hosting a presentation for analysts on the day of results at 11am, at the offices of Newgate Threadneedle: Sky Light City Tower, 50 Basinghall Street, London, EC2V 5DE.

Analysts who wish to attend the presentation should register their interest with Jasper Randall, contactable at [e-mail] or 020 7653 9845.

A copy of the presentation will be made available on the Company's website on the same day.

For further information, please contact:

 
 eServGlobal                                      www.eservglobal.com 
 Tom Rowe, Company Secretary                      T: [phone] 
                                                   [e-mail] 
 Canaccord Genuity Limited (Nomad and Broker)     www.canaccordgenuity.com 
  Simon Bridges / Cameron Duncan / Brendan         T: [phone] 
  Gulston 
 Charles Stanley Securities                       www.csysecurities.com 
  Dugald Carlean / Paul Brotherhood                T: [phone] 
 Newgate Threadneedle                             www.newgatethreadneedle.com 
  Hilary Millar / Caroline Forde / Josh Royston    T: [phone] 
  / Jasper Randall 
 

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management features. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 65 customers in over 50 countries.

Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, a market leading solution based on eServGlobal technology and enabling cross-border money transfer between mobile money accounts, payment cards, bank accounts or cash outlets from anywhere in the world regardless of the users location.

eServGlobal also builds on its extensive experience in the telco domain to offer a comprehensive suite of sophisticated, revenue generating Value-Added Services to engage subscribers in a dynamic manner.

eServGlobal has been a source of innovative solutions for mobile and financial service providers for 30 years.

This information is provided by RNS

The company news service from the London Stock Exchange

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