WorldStage Newsonline– eTranzact International Plc, Nigeria’s multi-application, multi-channel electronic transaction switching and payment processing platform has released its unaudited financial statements for 2nd Quarter ended 30th June 2020 with a loss of N118.250 million from N96.094 million profit in Q2 2019.
The loss is coming in spite of N5.769 billion revenue during the period from N6.458 billion in Q2 2019.
The Board of Directors and Management of eTranzact International Plc had earlier indicated inability to submit its 2020 half year/second quarter unaudited financial statements in view of the need of more time for those charged with governance to gather sufficient underlying information in making some significant estimates which are significant and material to the unaudited financial statements for the period.
