Q2 trading update

 

TIDMNEO 
 
RNS Number : 5830Y 
Neovia Financial PLC 
04 September 2009 
 

 2009 Second Quarter Trading Update 
 
Friday 4 September 2009 - NEOVIA 
Financial Plc ("NEOVIA" or the "Company") (NEO.L), the independent online 
payments business, issues the following clarification of a statement made in its 
trading update of 7 August 2009. 
 
 In the second quarter trading update of 
7 August 2009, the Company indicated "While gross margin in the first half of 
2009 will be lower than the same period of 2008, the second quarter of 2009 will 
be ahead of the first quarter's gross margin as the Group's focus on cost 
control continues to show results." 
 
 Following finalisation of the 
Company's interim results review, the Company wishes to clarify that the second 
quarter gross margin as will be reported will be lower than that of the first 
quarter of 2009, at 54.4% compared to 58.0%.  The statement made on 7 August 
2009 was based on an error in the preparation of the trading update. 
 
 The 
Company wishes to apologise for this error and reiterates that the other 
comments made in the trading update stand, and should be considered in the 
context of the full interim results statement which the Company will publish as 
planned on 17 September 2009. 
 
 
 
 
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| For further information contact:         |                                        | 
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| NEOVIA Financial Plc                     |                                        | 
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| Andrew GilchristVP Communications        | + 44 (0) 1624 698 713                  | 
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| Email:  [e-mail]     |                                        | 
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| Citigate Dewe Rogerson                   | + 44 (0) 20 7638 9571                  | 
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| Sarah Gestetner / George Cazenove        |                                        | 
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| Daniel Stewart & Co Plc                  | + 44 (0) 20 7776 6550                  | 
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| Paul Shackleton                          |                                        | 
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About NEOVIA Financial 
Trusted by consumers and merchants in over 160 countries to move and manage 
billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) 
operates the world's leading independent online payments business. Through its 
Payment Suite, featuring NETELLER , NETBANX , Net+(TM) and 1-PAY(TM) brands, 
NEOVIA Financial specialises in providing innovative and instant payment 
services where money transfer is difficult or risky due to identity, trust, 
currency exchange, or distance. Being independent has allowed the company to 
support thousands of retailers and merchants in many geographies and across 
multiple industries. 
 
 
NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM market, with a 
ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the 
Financial Services Authority (FSA) to operate as a regulated e-money issuer. For 
more information about NEOVIA Financial visit www.neovia.com. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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