Last checked at (Sharecast News) - Mobile payments firm Boku expects interim adjusted underlying earnings to be in line with expectations following a strong first-half showing.
Boku said revenues for the six months ended 30 June were pegged to be no less than $24.7m after underlying payments revenues increased 13.5% year-on-year to $22m.
However, the AIM-listed group stated identity revenues had been hit by the Covid-19 pandemic and were now projected to fall from $2.7m to $3.4m.
Despite this, Boku still expects underlying earnings to be at least 65% higher than those recorded at the same time a year earlier.
Chief executive, Jon Prideaux, said: "Boku has traded well in the first half with revenues and EBITDA ahead of the same period last year.
"With payments growth supporting investment in identity, I am confident that the full-year group EBITDA performance will be at least in line with expectations."
As of 1330 BST, Boku shares were down 2.27% at 86p.
25 Sep 2023 12:36
Boku gets non-bank merchant status from Malaysian central bank
(Sharecast News) - Mobile payments specialist Boku announced on Monday that its Malaysian subsidiary, Boku MY, has secured a green light from Bank Negara Malaysia (BNM) to function as a non-bank merchant acquirer after persistent efforts and investments in the Malaysian market.
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