eTranzact International Plc has reported a gross revenue of N7.1 billion for her 2014 financial year which represents a 51 per cent growth compared to 2013.
Operating profit on the other hand grew from N188.7 million in 2013 to N388 million in 2014, representing a 101 per cent annual growth. The company’s 2014 annual report and financial statement also showed that eTranzact’s profit before tax grew by 145 per cent from 2013 performance while profit after tax grew by 112 per cent compared to 2013.
The Board of Directors of eTranzact International PLC also approved the payment of 5 kobo per share to its shareholders for 2014 financial year during the company’s 11th annual general meeting held in Lagos.
The Chairman of the Board, Mr Felix Ohiwerei, said the growth were inspired by some key growth drivers including “Strengthened collaboration with partner banks in driving mobile banking business, strategic alliances with International money transfer operators which is driving growth of remittance business, alliances with government agencies, parastatals and educational institutions which is driving bulk payments, central collection and transaction switching and processing business.”