Lesaka Technologies (ticker: LSAK) announced significant growth and resilience in its fiscal 2024 second quarter earnings call. Despite the challenging economic climate in South Africa, the company showcased a strong financial performance with a 13% year-on-year increase in revenue to ZAR2.7 billion and a 38% rise in group adjusted EBITDA to ZAR181 million. The company also reported a positive net income before tax of ZAR29 million, marking a substantial improvement from previous losses. The acquisition of Touchsides aims to expand Lesaka’s offerings and strengthen its position as a fintech leader in Africa. The company provided a positive outlook for the upcoming quarters, with expected revenue of ZAR2.7 billion to ZAR2.8 billion in Q3 and full-year guidance of ZAR10.7 billion to…
