FTC 2.70% 18.0¢ fintech chain limited

Tellerude,Just a question for you, where did you find that...

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    Tellerude,

    Just a question for you, where did you find that figure of $22 Million for 2018 revenue from? Are you meaning $22 Million RMB? Or Aud?

    HALF-YEAR ENDED 30 SEPTEMBER 2018

    Revenue increased from RMB7.0 million for the six months ended 30 September 2017 to RMB 28.3 million for the six months ended 30 September 2018, representing 304.0% growth. During the financial period, FTC derived RMB14.8 million and RMB 8.3 million in income from provision of system development services and information technology services respectively. Management forecasts these sources of revenue will grow steadily in the future. Revenue for the previous corresponding period mainly relates to POS machine services income totaling RMB4.9 million.

    Profit after tax for the six months ended 30 September 2018 is RMB9.5 million a material positive improvement on the recorded loss after tax for the six months ended 30 September 2017 of RMB11.5 million, an increase of RMB 21.0 million or 182.4%.

    The net profit generated during the period was included:
    1. an increase in gross profit of RMB 20.0 million;
    2. a decrease in other income and net gains by RMB 0.8 million;
    3. an increase in selling expenses and general and administrative expenses by RMB1.4 million in total;
    4. an increase in unrealised gains on change of fair value of embedded derivatives of convertible bonds byRMB3.2 million;
    5. a decrease in share of losses of associates by RMB0.2 million; and6. an increase in finance costs by RMB0.1 million.

    The increase in gross profit resulted from successful implementation of FTC’s blockchain technology, which secured RMB21.2 million income during the period in contrast to the revenue for the previous corresponding period relating mainly to Tlinx related products and services.


 
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