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SafeCharge Says Positive First-Quarter Momentum Continuing

Wed, 18th May 2016 07:51

LONDON (Alliance News) - Payments technology company SafeCharge International Group PLC on Wednesday said trading in the first quarter of 2016 was robust, with gross profit and revenue coming in ahead of expectations.

Chairman Roger Withers, in a statement to be given at the group's annual general meeting, said SafeCharge processed record volumes in the first quarter, and this momentum continued into April.

Withers also said SafeCharge has appointed Phil Atherton as chief risk officer. Atherton has held positions with payments company Worldpay Group PLC in the past, he noted.

SafeCharge shares were up 1.7% to 239.99 pence Wednesday.

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

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