| Income Statement for Net 1 UEPS Technologies Inc. (UEPS) | | | | | | | Income | in Thousands of Dollars | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Operating Revenue | 254,056 | 223,968 | 196,098 | 176,290 | 131,098 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (67,486) | (54,417) | (50,619) | (50,682) | (39,134) | | Gross Operating Profit | 186,570 | 169,551 | 145,479 | 125,608 | 91,964 | | | Selling/General/Admin Expense | (65,362) | (61,625) | (48,627) | (47,714) | (39,677) | | Research & Development | - | - | - | - | - | | EBITDA | 121,208 | 107,926 | 96,852 | 77,894 | 52,287 | | Depreciation & Amortization | (10,822) | (11,050) | (5,710) | (6,591) | (5,676) | | EBIT | 110,386 | 96,876 | 91,142 | 71,303 | 46,611 | | Interest Income | 15,722 | 4,401 | 5,889 | 2,389 | 3,640 | | Other Income, Net | - | - | - | - | - | | Total Income Avail For Interest Expense | 125,072 | 101,458 | 95,885 | 74,228 | 39,205 | | Interest Expense | - | - | - | - | (25,927) | | Pre-Tax Income | 125,072 | 101,458 | 95,885 | 74,228 | 13,278 | | Income Taxes | (39,192) | (37,574) | (36,653) | (29,666) | - | | Minority Interest | 815 | (205) | - | - | - | | Net Income from Continuing Operations | 86,695 | 63,679 | 59,232 | 44,562 | 13,278 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 86,695 | 63,679 | 59,232 | 44,562 | 13,278 | | | Normalized Income | 86,695 | 63,679 | 60,761 | 44,562 | 24,411 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | (1,529) | - | (11,133) | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 86,695 | 63,679 | 59,232 | 44,562 | 13,278 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 06/2008 | 06/2007 | 06/2006 | 06/2005 | 06/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 1.52 | 1.12 | 1.05 | 0.81 | 0.40 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 1.52 | 1.12 | 1.05 | 0.81 | 0.40 | | | Diluted EPS from Continuing Operations | 1.50 | 1.11 | 1.03 | 0.80 | 0.38 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 1.50 | 1.11 | 1.03 | 0.80 | 0.38 | | | |
