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Boku Inc - US-based mobile payments solution provider - For the six months to the end of June, swings to pretax profit of USD87,000 from a loss of USD2.5 million, on revenue up 9% to USD24.7 million from USD23.5 million. Adjusted earnings before interest, taxes, depreciation and amortisation up by 48% to USD6.4 million, while administrative expenses fall by 3% to USD22.2 million on reduced costs in marketing and events. Total payment volumes grow 36% to USD3.1 billion from USD2.3 billion, and monthly active users rises 33% to 20.3 million.
Looking ahead, Boku said its core business of Direct Carrier Billing is in "rude health", due to a boost in the adoption of digital services during the pandemic. Anticipates adjusted Ebitda and revenue for 2020 to be in line with market expectations.
Current stock price: 90.85 pence
Year-to-date change: up 5.0%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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