LONDON (Alliance News) - SafeCharge International Group Ltd on Thursday said revenue is set to come in at the higher end of its own expectations after a strong last quarter of 2018.
Payment technology firm SafeCharge reported processed volume of USD13.9 billion in 2018, up 45% year-on-year.
As a result, 2018 revenue will be between USD137.5 million and USD138.5 million, having in November guided for between USD135 million and USD138 million. Revenue in 2017 came in at USD111.7 million.
SafeCharge is guiding for adjusted earnings before interest, tax, depreciation, amortisation for 2018 between USD36.5 million and USD37.5 million, in line with expectations. In 2017, the figure was USD33.7 million.
The company has reaffirmed it plans to pay a full year dividend for 2018 of 75% adjusted Ebitda. Its interim payout was 8.86 US cents, up 15% year-on-year.
"With robust current trading, an expanded client base and strong sales pipeline, the directors look forward with confidence to the 2019 financial year and beyond," SafeCharge said.
Results for 2018 will be announced on March 13. SafeCharge shares were 0.6% lower on Thursday at a price of 266.50 pence each.
