https://research.iress.com.au/ids/old/20160429/01735926.pdf?uid=2...

https://research.iress.com.au/ids/o...291F0000D96CAB544BBFE44011511700E9260000&ppv=

Highlights • SmartTrans books revenue for quarter of $2.66 million – increase of 200% on the previous corresponding period ($884k) (post tax revenue) • Year to date revenue $8.69 million - 200% increase on same period in FY2015 ($2.89 million) • Revenue down from previous record quarter in line with expectations due to traditionally quieter Chinese New Year trading period • Solid China revenue performance was achieved with significantly reduced marketing spend • Ongoing focus on cash collections with total collections of $2.82 million for period • Direct Carrier Billing continues to drive revenue performance – now covering 8 major provinces and potential reach to 468 million mobile phone subscribers • SmartTrans secures landmark agreement to enable cross-border payments to and from China via SmartPay platform • Company targeting additional major provinces in conjunction with telco partners, China Mobile and China Telecom • SmartTrans launches exciting new lottery offering in conjunction with Direct Carrier Billing expansion into Hainan • Company maintains focus on controlling costs and overheads • SmartTrans awarded Westpac Australia-China Business Award for Business Excellence for Business Innovation following the end of the Quarter