Neteller: Low income forecasted

NETeller Plc says it is expecting the reported revenue for the second quarter to be about 10% ahead of the first quarter.
As per the company statements revenues gained from fees on e-wallet service went on increasing on a quarterly basis with a double-digit index.

Nevertheless NETeller is said to expect lower gross profit for the second quarter as compared with the previous quarter which is attributed to the impact of the company's VIP rebate program launched in late April.

The officials of the company add that NETeller is about to complete the sale of its principal Calgary property and further upgrades will be provided on July 11 or before that date.