Hawke's Bay Today

Push for success


Digital church collection plate operator Pushpay says it expects to break even for the first time in December and to post its first positive earnings before interest, tax, depreciati­on, amortisati­on and currency adjustment­s in the year to March 31, 2019. The NZX-listed, US-headquarte­red company said it has 55 of the largest 100 US churches on its books, including the largest, which boasts 51,900 weekly church attendees.

The company lost US$4.4 million in the six months to September 30, compared with a US$12.5m loss in the same period last year, with revenue of US$44m — an increase of 48 per cent. It expects full year revenue of between US$97.5m and US$100.5m.

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