Earthport Share News (EPO)

Earthport Information

There is currently no data for EPO

Earthport interim revenues jump but loss widens on rising costs

Wed, 18th Mar 2015 09:13

A growing pipeline of customers saw interim revenues and gross profits at global payments company Earthport more than double.Revenues jumped 172% to £9.02m, increasing 102% on a like-for-like basis, while gross profit soared 175% to £7.04m.However, losses before tax rose 11% to £5.37m, with the group citing a sharp increase in administrative expenses as the main driving factor behind the widening loss.Administrative costs jumped 58.2% to £9.29, while the company also booked a £1.89m share based payment charge and an adjustment on unrealised fair value losses amounting to £1.25m.The London-listed company said it had signed 17 new customers in the second half of the year compared with 12 in the previous six months, while eight projects went live throughout the period, adding it now had 32 customers under contract and in implementation stage ahead of going live."Our pipeline of new customers continues to grow whilst significant embedded revenue potential remains a large opportunity with existing clients," said group chief executive Hank Uberoi."We are therefore confident of a successful full-year and beyond."Earthport shares were down 1.70% to 42.03p at 09:35 on Wednesday.

More News

25 Jan 2016 12:19

Earthport falls earthwards after focus on margins hits sales

(ShareCast News) - Earthport revealed sales growth slowed in the first half of its new financial year as the cross-border payment group looked to maintain profit margins. Management of the AIM-listed company decided to reallocate resources towards clients in Asia, India and 'the Middle East-Asia cor

25 Jan 2016 10:14

Earthport Interim Revenue Growth Held Back By Restructuring

25 Jan 2016 09:33

BROKER RATINGS SUMMARY: Credit Suisse Downgrades GKN To Neutral

12 Jan 2016 10:41

Earthport Looks To Give Single Point Of Access to Distributed Ledgers

6 Jan 2016 16:39

Earthport flies after heavyweight FX appointment and broker tip

(ShareCast News) - Earthport shares were one of the top risers in London on Wednesday, helped by the strengthening of its forex team with a heavyweight appointment and some encouraging words from a broker. The AIM-listed payments network provider, which enables financial institutions, money transfer

21 Dec 2015 08:57

Earthport Adds US's Citizens Financial To Growing List Of Clients

17 Dec 2015 10:52

Earthport Gets Regulatory Approval For CFO Appointment

29 Sep 2015 09:20

Earthport Annual Loss Widens On Higher Costs But Revenue Surges

22 Sep 2015 15:11

Earnings, Trading Statements Calendar - Week Ahead

18 Aug 2015 09:59

TAKING AIM: Panmure Gordon Sees No Earthport Profit Until 2017

18 Aug 2015 07:05

Earthport Teams Up With Ripple Labs For Real-Time Payment Solution

11 Aug 2015 07:29

Earthport Signs Cross-Border Payments Deal With Japan Post Bank

6 Aug 2015 10:21

Earthport signs CurrencyFair as new client

(ShareCast News) - Earthport, a payment network for cross border transactions, has signed peer-to-peer currency exchange company CurrencyFair as a new client. CurrencyFair's peer-to-peer currency exchange marketplace enables consumers to make the exchange of funds quickly and simply. As a client of

6 Aug 2015 07:45

Earthport Signs Up Peer-To-Peer Exchange CurrencyFair As Client

30 Jul 2015 14:16

Earthport partners with online payments service Stripe

(ShareCast News) - Payment network group Earthport has partnered with online payments platform Stripe. The partnership will provide foreign currency payment services, enabling clients to access one connection point to make payments to multiple beneficiaries in practically any currency. Chief execut

Latest Share Chat

Earthport Share News (EPO)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Earthport interim revenues jump but loss widens on rising costs

Login to your account

Quickpicks are a member only feature

Login to your account