Shares & Derivatives
NeraTel Completes Sale of Payment Solutions
By My Sweet Retirement  •  September 5, 2016
In my previous post, I mentioned NeraTel is selling its payment solution business (How Will Sale of NeraTel Payment Solution Business Impact Me). On 31st August 2016, NeraTel has officially announced it has completed the sale of its payment business to Ingenico Group. The completion of sale announcement was made a month after NeraTel reported a 3.5% decline in gross profit from 15.9 million to 15.3 million YOY. The turnover for Payment Solutions business area has declined 52.1% ($6.5 million) YOY from $12.5 million to $6.0 million for the quarter and 44.3% ($10.3 million) YOY from $23.2 million to $12.9 million for 1H 2016. Based on the 1 month stock chart, the stock price has climbed up 5.67%. With the completion of sale, shareholders can expect a special dividend. This should push the stock price slightly higher over ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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