LONDON (Alliance News) - SafeCharge International Group Ltd Wednesday reported a huge rise in profit in the first half of 2015 as revenue grew on the back of both new customer wins and expanded relationships with existing customers.
The online and mobile payments provider said it made a pretax profit of USD11.7 million in the six months ended June 30, more than double the GBP5.5 million profit it made in the first half of 2014, as revenue jumped to USD49.5 million from USD34.4 million.
It said that its results were driven by new customer wins as well as expanded relationships with existing customers.
SafeCharge will pay an interim dividend of 4 cents, up 39% on the 2.88 cents it paid the year before.
"The group's business continues to grow, with new products and diversified clients portfolio, a very strong pipeline and many new clients committed to go live on the SafeCharge platforms in the second half. The directors remain very confident for the full-year 2015 and beyond," SafeCharge said in a statement.
Shares in SafeCharge were trading up 0.8% at 279.12 pence.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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