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PEPPERMINT INNOVATION LIMITED — Earnings Release 2018
Aug 30, 2018
65563_rns_2018-08-30_76f0c29a-fbb8-4cb1-a780-0412a81659c5.pdf
Earnings Release
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Appendix 4E
(Rule 4.3A)
Preliminary final report
Name of entity
Peppermint Innovation Limited
ABN: 56 125 931 964
1. Details of the Reporting Period and the Previous Corresponding Period
Financial period ended (“current period”) Financial period ended (“previous period”) 30 June 2018 30 June 2017
2. Results for Announcement to the Market
| $’000 | |||||
|---|---|---|---|---|---|
| 2.1 | Revenue from ordinary activities | down | 12% | to | 888 |
| 2.2 | Loss from ordinary activities after taxattributable to members | up | 9% | to | 1,743 |
| 2.3 | Net loss for the period attributable tomembers | up | 9% | to | 1,743 |
| 2.4 | Loss per share | unchanged | at | 0.2 cents | |
| 2.5 | Brief explanation of results | ||||
| The loss from ordinary activities and net loss for the period for the Group amounted to$1,743,348 (30 June 2017: $1,599,598) which included revenue of $887,981 (30 June2017: $1,007,474) generated from the Group’s customers.Highlights for the year were:•Online international remittance business from Australia, Bizmoto, launched;•Agent network in the Philippines, also branded Bizmoto, launched;•$1.3m placement with strategic investors;•Service provider agreement signed with MASS-SPECC, the largest cooperativefederation in the Philippines;•Agreement signed with CHMF, the Philippines first health managementorganisation, to develop and automate its organisational process with a mobileapplication tool and web tool;•Agreement signed with Sante Barley to provide its 200,000 agents across thePhillipines with use of the Peppermint Platform; and•Pilot programs for MyWeps, MetroGas and SUNMar completed.For further details, please refer to the financial report. |
3. NTA Backing
| Current period | Previous correspondingperiod | |
|---|---|---|
| Net tangible asset backing per ordinary security | $0.0000 | $0.0005 |
4 Control gained or lost over entities having material effect
Not applicable.
5. Dividends
There were no dividends declared or paid during the period and the do not recommend that any dividends be paid.
6. Dividend Reinvestment Plans
Not applicable.
7. Material interest in entities which are not controlled entities
Not applicable.
8. Foreign Entities
This report includes the following foreign subsidiaries:
-
Peppermint Technology Inc., registered in the Philippines
-
Sedgewick Resources Limited, registered in the Republic of Zambia; and
-
Horizon Cooper Zambia Limited, registered in the Republic of Zambia.
9.
Annual Report
Refer to the attached Annual Report for the year ended 30 June 2018 for further details. The financial statements contained in the annual report have been audited.
This report should be read in conjunction with the attached Annual Report for the year ended 30 June 2018.
Signed by: Name: Anthony Kain Executive Director
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Peppermint Innovation Limited Appendix 4E 30 June 2018