‘Leaner and more disciplined’ Tyro Payments achieves profitability

 Tyro Payments (ASX: TYR) looks to be putting the worst behind itself after revealing a first half profit and, for the first time as a publicly listed company, positive free cash flow.

The company, which recently settled a class action law suit relating to a 2021 system outage, says initiatives to focus on growth and cost management delivered the strong 1H23 results and a profit of $1.1 million.

This represents a major improvement from the 1H22 loss of $18 million, and also included EBITDA rising by 601 per cent from $2.8 million to $19.5 million - a record result.

Read More: https://www.businessnewsaustralia.com/articles/-leaner-and-more-disciplined--tyro-payments-achieves-profitability.html



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