well on go Thank last day XXXX. key This review will focus I on highlights to we the fourth you, from quarter areas here highlighted good in morning, our and as the we everybody. call specifically and as Dhruv where progress the fiscal
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no we outstanding, QX. $XX and June of improved million XX, net we have position As our long-term to compared to cash debt have
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history, on our times have recent the hopefully in rebuilding We past darkest group we now focused in the all respects. are and
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the plans our minutes few discuss I spend the and want addressing Before side. long-term, a corporate for to activity XXXX for on the fiscal I developments
provided have of individual several quarters, our we carrying some market to of past values and highlight Board’s the analysis. Over the investments
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pillars four Let me now strategy. long-term turn of our to the
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be on without I and therefore soon bank first that member say directly able issue the is gone to a a would virtual of MobiKwik, approved, this am an has approved the Because to MobiKwik's customer Lastly non-bank will as MobiKwik Central issuing partner. cards member, has base. pleased Once to millions Visa application approval. Indian Visa time become for has issue a to be Bank cards we the able MobiKwik to
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initiatives months Zap as Group rapidly in We QR-based Carbon payment payment have system XX a our in consumer through a UEPS finance through old Africa. operation Ghana, and growing Nigeria national
have also existence. our time of maximize market. stepped investments the quarter We potential different and to and significant strides has Group to the up between its cooperation businesses third accelerated actively Zap made in
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the reviewed we offers which business, received FT are have of assistance Within the being for with the by multiple currently Partners. the week board indicative last
with We will update developments. you tangible any
now events to would the legacy briefly I like and current C status outstanding our address matters and of SASSA. Cell with
short-term C C, macroeconomic there pertaining coverage its C Cell that downgrades. challenges by cost plenty accurate It on has First to challenging Cell Cell environment faced South is faced of inflated and been in and a has issues, rating Africa. liquidity the
shoulders management to its and creditors like long-term at to including its with highlight key solution to and a its capital would arrive Cell I However, stakeholders, structure. working is cost that C closely sustainable
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registration On XXXX, the issues that end fees SASSA, to against for yet our related to these the but with are us on SASSA through with operationally though put we working other there of and in to be September months These and as are as XXXX. six SASSA two for businesses. we for payable yet have and areas last resolved. can actively not issues our since energies of outstanding been The unresolved, claim amounts contract, the paid soon few are us bulk behind contract to courts a issues the us involved refocus primary are our to us we
historically to of capital that a it acknowledge allocation, we track record investments. when we and acquisitions allocation, some capital including on our Lastly have mixed comes
or the or by exit expertise technology underbanked leverage our and businesses We do FinTech providing control, which to Board, or not year to focus to to a new that experience. As transactions. secure can enter strategies, XX we with ascribe leverage plan on or markets unbanked in businesses skills, utilizing our that those and we want control to core services fit our
our profits reduce of revenue, obvious Group. significant interest a free KSNET is and the cash contribution businesses therefore imperative will profitability contributor African will as to And return the require disposal working And that this accordingly. and of any scale flow is to KSNET it we current IPG in It quickly capital $XX is South return of million. approximately to possible, as that and which
to compete interest with technologies. a or as successful in We company also and disruptive -- global to active to need unlock emerging shareholder value FinTech compete
EPE obtaining determine profitability, we and sales, reinvesting As proceeds we and growth execute to to optimal on and IPG asset dividends. objectives, accelerate our liquidity businesses shareholder to the and of investments to need including strategic to our shareholdings we critical use or Finbond, execution raise any the through of strategy, the improving to that be those consider controlling in returns buybacks in
To conclude, assets of value deleveraged roots we non-core underbanked, our commenced unbanked hope and turn returns to have have and and providing for unlock shareholder forward. going our the business, been financial monetization inclusion in nimble to of stabilized and with
Let hand to to go it me over the Alex over financials. now
