23 Sep 2014 14:54
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Don't have an account? Click here to register.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.
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21 Jul 2014 10:22
16 Jul 2014 10:17
5 Jun 2014 10:39
Earthport Wins First Client In Turkey
LONDON (Alliance News) - Earthport PLC said Thursday that it has been selected by Aktif Bank in Turkey to provide international payment transaction services. Earthport said that under the terms of the deal - its first in the country - it will support the Turkish bank's plans for multi-curre
Read more22 May 2014 09:19
Earthport Inks Cross-Border Payments Deal With US's State Street
LONDON (Alliance News) - Earthport PLC Thursday said it has signed an agreement with US financial services and investment manager State Street Corp, as the the AIM-listed cross-border payments company continues to add to its growing list of contract wins in recent months. In a statement, Ea
Read more6 May 2014 09:35
Earthport wins multi-year contract with HSBC
AIM-listed Earthport, the cross-border payments service provider, announced it has signed a multi-year contract with HSBC with a 'significant' minimum revenue commitment. The contract will allow the group to expand the coverage of its global disbursements product across countries in Central and Eas
Read more6 May 2014 08:40
Earthport Wins Multi-Year Contract With HSBC For Cross-Border Payments
LONDON (Alliance News) - Earthport PLC, the AIM-listed cross-border payments company, Tuesday said it has won a "multi-year global contract" with HSBC Holdings PLC, with a "significant" minimum revenue commitment, adding to a stream of deals in recent months. HSBC, the UK's biggest bank by
Read more6 May 2014 07:33
UK MORNING BRIEFING: Barclays Results Dragged Down By Investment Bank
LONDON (Alliance News) - UK shares have opened marginally higher Tuesday despite growing tensions in Ukraine but following a modestly positive lead from Wall Street on Monday.
Several major UK companies have provided quarterly updates early Tuesday.
BarclaysRead more
30 Apr 2014 16:25
Earthport wins three-year deal with online money transfer firm
AIM-listed Earthport, a cross-border payments service provider, has secured a three-year contract with WorldRemit, a global online money transfer business. The transactions are expected to go live within one week. "We are delighted that WorldRemit has chosen Earthport and look forward to supporti
Read more30 Apr 2014 12:52
Earthport Wins WorldRemit Contract
LONDON (Alliance News) - Cross-border payments company Earthport PLC Wednesday said it has secured a three-year contract with London-headquartered online money transfer business WorldRemit, with transactions expected to go live in under a week from the contract signing. No financial details
Read more24 Mar 2014 11:34
Earthport wins deal from US bank PNC
Cross-border payment service provider Earthport saw its shares rise after it won a contract of undisclosed value with the US banking arm of New York-listed PNC Financial Services Group. Earthport, whose service is designed to handle high volumes of low value payments, said it would supply banking
Read more24 Mar 2014 11:13
STOCKS NEWS EUROPE-UK small caps edge higher, outperform market
The FTSE small cap index rises 0.2 percent, outperforming junior-listed AIM shares, mid-caps and blue chips, down between 0.5 percent and 0.6 percent. Shares in Earthport rise 7.4 percent to 47.75 pence as the cross-border payments services firm wins a contract to provide solutions for high
Read more24 Mar 2014 09:43
Earthport Wins Payments Contract With US's PNC Bank
LONDON (Alliance News) - Earthport PLC Monday said it has won a contract for its high volume low-value payments service with PNC Bank NA, a member of the PNC Financial Services Group Inc. In a statement, the AIM-listed cross-border payments provider said it will provide a further update whe
Read more