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Net 1 UEPS posts 1Q profit

JOHANNESBURG (AP) _ Net 1 UEPS Technologies Inc. (UEPS) on Thursday reported fiscal first-quarter profit of $19.5 million.

The Johannesburg-based company said it had profit of 34 cents per share. Earnings, adjusted for amortization costs and non-recurring costs, were 43 cents per share.

The payments company posted revenue of $152.6 million in the period.

Net 1 UEPS shares have fallen 19 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.29, a decline of 12 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UEPS at https://www.zacks.com/ap/UEPS