Cashbox breaks even in Q1

Cash machine operator Cashbox said it has delivered breakeven EBITDA in the first quarter of 2009/10 and it is confident of continued improvements during the current year.Core revenue for the period was up 36% on 2007/8 with 11% due to organic growth and the remaining 25% growth through acquisition.The group said it is continuing with its cost cutting strategy and salary costs are down 7% on last year mostly due to Q4 actions. The current month was down by over 20% on same month prior year.It added that its strategic partnership with BT Openzone will generate revenues in coming year from WiFi.