The Contracts are expected to deliver a gross profit of $230,000 per annum across the three key revenue silos of ‘verification’, ‘processing’ and ‘settlement’ identified in Investor Update dated 31st July 2017.
That is a very healthy gross profit for 2 contracts that have only around $20m per annum transaction. Imagine XM.com with billion dollars of transaction per annum.
Ann: First Australian Card Acquiring Contracts Executed, page-10
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