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MobilityOne on Friday reported a narrowed interim loss, but paired this with a cautious outlook, anticipating a ‘challenging business environment’. The Kuala Lumpur-based e-commerce payment solutions provider reported a pretax loss for continuing operations of £1.0 million for the six months that ended June 30, narrowed from £1.7 million a year earlier. Driving the improved bottom line was a 4.9% advance in revenue to £116.0 million from £110.5 million, as MobilityOne benefited from favourable exchange rates. The company said when comparing performance in the Malaysian ringgit, revenue fell 0.3% owing to marginally lower sales in its core products and services in the main market in Malaysia. Further supporting the bottom line was a reduction in administration expenses, down 2.1% to £6.1 million from £6.2 million. Shares in the company jumped 44% to 1.30 pence on Friday afternoon in London. Looking ahead, MobilityOne sees its international remittance business growing further, with it anticipating steady growth in its retail electronic payments business. It added that the e-money businesses in Malaysia and payment solution business in Brunei are expected to remain insignificant. Discussing the market, MobilityOne expects a ‘challenging business environment’, with the company remaining ‘cautious’ about the outlook for the rest of the year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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