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Archive Computers and Software Archive Paypoint's year-to-date revenues beat expectations
Archive Computers and Software Archive Paypoint's year-to-date revenues beat expectations | Paypoint's year-to-date revenues beat expectations |
| Written by Business Weekly | |
| Thursday, 17 May 2007 | |
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Cash and internet payments group, Paypoint has announced a 30 per cent rise in pre-tax profits for the year to the end of March, beating consensus expectations of £26.3m supplied by the firm.
The Herts-based firm said that pre-tax profits for the period were at 27 mln stg, up from 20 mln stg a year earlier, on the back of a 31 per cent rise in annual revenues, which grew to £157m from £120m in the same period last year. “PayPoint continues to deliver strong increases in both revenues and profits, and has opportunities for further growth through market share gains and new initiatives. The Metacharge and SECPay acquisitions during the year are a positive step in generating transactions in new sectors and increasing the range of consumer payments processed by PayPoint,” said chairman, David Newlands. The firm's share price has seen a two per cent drop in value, falling 18p to 710p. |
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