FOR the year ending June 30, Net1 Applied Technology Holdings (Aplitec) a technology company involved in the creation of a new national payment system, reported an incredible 521% increase in attributable earnings to R2,98-billion. Fully diluted earnings per share increased by 290% to 16,03 cents per share. Turnover rose by 1046% from R2,1-billion to R24,1-billion. During the year Aplitec acquired 100% of Cash Paymaster Systems (CPS) from First National Bank Limited. CPS is involved in the administration, management and payment of social welfare grants and handles the pension system in six of the nine provinces.