OxPay Financial has guided for a net loss for the 1HFY2023 ended June 30, mainly due to the group’s lower gross profit margin.
The absence of a one-time reversal of impairment loss on trade and other receivables during the six-month period compared to the 1HFY2022 was another factor in the group’s net loss.
The group will be reporting its results on or before Aug 14.
Shares in OxPay closed 0.8 cents higher or 12.50% up at 7.2 cents on Aug 1.
