ASX-LISTED automatic teller machine owner Customers Ltd is banking on a sustained spike in revenue when new direct charging rules are introduced.
When the new legislation comes into effect on March 3, Customers will receive $2 every time a person withdraws cash from one of its 5400 ATMs, compared with 95c at present.
The group, which boasts Richard Pratt's Thorney Investments as a key shareholder with an increasing stake, yesterday reported earnings before interest and tax of $1.8 million for the December half, compared with a $5.6 million loss a year earlier.
Customers managing director Tim Wildash said he expected business to improve when the new rules were introduced.
CUS Price at posting:
$1.31 Sentiment: Hold Disclosure: Held
