Net1 has been ranked on Fortune’s 100 Fastest-Growing Companies list for 2015, the publication’s annual list of public companies with the most stellar three-year profit, revenue and stock growth.
Fortune’s methodology includes companies that have posted an annualised growth in revenue and earnings per share (EPS) of at least 15% annually over the three years ended on or before April 30, 2015. Companies that meet these criteria are ranked by revenue growth rate, EPS growth rate and three-year annualised total return for the period ended June 30, 2015.
Net1 ranked 60th for EPS growth, 91st for revenue growth, 78th for total return and 99th overall.
“I am very proud of our maiden inclusion in Fortune’s 100 Fastest Growing Companies list,” says Dr Serge Belamant, chairman and CEO of Net1. “Our ranking in the top 100 affirms the efforts of the Net1 global team over the last three years and I look forward to sustaining the momentum as we diversify our activities.”
Net1 provides alternative payment systems that leverage its Universal Electronic Payment System (UEPS) or proprietary mobile technologies. Net1 has a primary listing on the NASDAQ and a secondary listing on the JSE.