SmartPay has reported a wider half-year loss due to the slow retail sector.
The eftpos services company lost $2.4 million in the six months to the end of September, a decrease of 9% on the same period a year earlier.
Revenue fell 27% to $16 million, and while retailing has been weaker, chief executive Andrew Donaldson says the company has maintained its market share and cut spending.
He says income is set to improve in the second half of the year, because it will complete a number of new deals. It still intends to list on the Australian Stock Exchange.