eTranzact International Plc has notified the Nigerian Stock Exchange (“NSE”) that the Board of Directors of the Company at a meeting held on 15 April 2015 approved the payment of 5k dividend per share to its shareholders.

The 2014 financial year was a positive one for eTranzact with the company reporting a Profit After Tax (PAT) of 407.6 million naira.

The Company’s financials recently released shows a 50.7 % increase in earnings from 2013.

eTranzact’s N604.28m pre-tax profit for the 2014/2015 financial year represents a 145.2% growth over pre-tax profit recorded for the previous year and is an affirmation of the continuous strides the company is making in the electronic and mobile payments industry. 

In a statement Mr Valentine Obi, CEO of eTranzact International PLC said, “We are very pleased with our performance in the year, especially as we were able to improve our earnings and put factors in place to achieve sustainability.

Fiscal 2014 was a big year in which we focused on setting key performance indices around user experience, platform stability and technology development, and we are pleased that we were able to achieve the goals we set for ourselves.

We significantly strengthened our mobile banking, mobile money, remittance, and corporate pay businesses, making significant investments in technology and product development which have positioned us for better results in the future.

Speaking on the company’s performance, position and plans for shareholders, Mr Niyi Awosope, CFO of eTranzact International PLC said;

We are extremely happy with our relationship with the Nigerian Stock Exchange and with our shareholders. As the only switching platform on the exchange, we are committed to, and are optimistic about, our ability to grow shareholders’ wealth over the long term through consistent growth in earnings and we will remain as the leader in electronic and mobile payment solutions in the country.

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