Australian ATM provider, Customers Limited, is pursuing a strategy to improve earnings. The company posted a loss of $A1.12 million for the year to 30 June 2004. It has a new management team, and has increased its network of ATMs from several hundred to about 14,000 machines through two acquisitions. This has provided the company with a positive cashflow and should produce a profit for 2004- 05. Customers Limited plans to acquire other independent ATM businesses and to diversify its operations into other payments.
Add to My Watchlist
What is My Watchlist?