SP1 southern cross payments ltd

Ann: Appendix 4C - quarterly, page-6

  1. 53 Posts.
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    Receipts down 33% on the quarter, Swift delayed, T1 payment system delayed, banking application delayed. It is stated that operating cashflows are still positive, but cash reserves have decreased (though this is clearly linked to recent investments, so is not necessarily bad).

    Overall this is a painful announcement, but I suppose that was to be expected.
 
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