LONDON (Alliance News) - Payments services company SafeCharge International Group Ltd on Tuesday said trading in the first half of 2016 has been strong, and it is confident on its outlook for the full year.
SafeCharge said adjusted earnings before interest, taxation, depreciation and amortisation for the first half, which strips out acquisition and restructuring costs, will be "comfortably ahead" of the USD16.0 million made a year earlier.
SafeCharge added the US dollar is its functional and most significant currency in terms of revenue and nearly 80% of its cash is held in dollars, with sterling balances only around 5.0%.
SafeCharge shares were up 7.3% to 198.45 pence early Tuesday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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