China Revenue Update for Q1 FY2016
Sydney, Oct 15, 2015 AEST (ABN Newswire) - SmartTrans Holdings Limited (
ASX:SMA) (SmartTrans or Company) is pleased to announce that the Company has recorded record revenue from its operations in China of $2.27 million for the quarter ended 30 September 2015. This compares to $1.19 million revenue from the previous quarter, a 91% increase and an increase of 1,461% on the previous corresponding quarter for FY2015 ($145k).
Highlights:
- Record revenue of $1,063 million for month of September alone
- Demand for SmartPay payments gateway continues to grow as more companies look to transact via mobile billing in China
- Revenue from SMA's China Logistic operations kicks in - initial $90,000 of revenue booked in September based on first product offering
- Diversification and expansion strategy for SmartPay and SMA's China Logistics investment now paying off
Pleasingly, monthly revenue from China operations topped $1.0 million in September for the first time in SmartTrans' history, a positive milestone for the Company. This was driven by increased revenue from the growth in transactions processed through the SmartPay platform, and a maiden revenue contribution of approximately $90,000 from SMA's China logistics operations with the delivery of the initial phase of its auto/logistics system.
The Company has focussed on the strategic marketing of its product base and increased marketing expenditure to promote the range of Apps, content and offerings available through SmartPay to enhance customer retention, growth and derived revenue streams in the current quarter and beyond.
SmartTrans Managing Director, Bryan Carr, stated: "This revenue performance from our China operations is pleasing. It validates our business model and demonstrates that we can significantly increase revenue through strategic marketing programs for the right content. September's revenue from SmartPay sets a new monthly revenue base and benchmark for anticipated future growth."
"We are confident that the strategic marketing spend we have made in China during the quarter will continue to generate revenue in the coming months and into the second half of FY2016."
"We are also very encouraged by the small but meaningful maiden revenue contribution from our China auto/logistics operations. We are confident about the strength of this partnership and the potential to deliver future revenue.
"I look forward to updating shareholders further on our activities and initiatives across the business in our quarterly report towards the end of the month."
Provinces in China covered by SmartTrans SmartPay
Province Population Cell phone Users #1 Guangdong 107,240,000 139,350,0002 Hubei 57,260,000 43,519,0003 Gansu 25,849,800 18,917,0004 Sichuan 81,070,000 59,322,0005 Shandong 95,800,000 78,252,0006 Jiangsu 79,394,900 77,614,000TOTAL 446,614,700 416,974,000
To view figures, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-SMA-737398.pdf
About SmartTrans Holdings Limited
SmartTrans Holdings Limited (ASX:SMA) is a leading Australian technology and software provider that has developed a mobile and online billing and payment platform for the China market The company has agreements in place with China Mobile, China Unicorn, China Telecom CMPay, UnionPay and Alipay. With the growing use of the smartphone as a billing device in China, the company is experiencing significant uptake of its technology in that market. SmartTrans has also developed cutting-edge proprietary logistics software which is used by some of Australia's leading blue-chip organisations who have long term contracts in place with the company. SmartTrans is assessing growth opportunities for its logistic offering in China to complement its mobile and online payments platform.
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