Safecharge continues ‘operational momentum’ as finances rise
SafeCharge has said that it was able to maintain “operation momentum” in the six months to June 30, recording year-on-year increases in key financial indicators.
Consolidated revenue in the first half of the year increased 5% to $52.2 million (€69 million), with underlying core processing revenue up 10% to $49.2 million.
The company also said that consolidated gross profit increased 11% year-on-year to $31.6 million, while consolidated adjusted earnings before interest, tax, depreciation and amortisation climbed 10% to £16.8 million.
Reported profit after tax came in at $15.2 million, up 23% on the previous year.
David Avgi, chief executive of SafeCharge, said: “The operational momentum built over the last two years has continued into the first half of 2016.
“The first half of 2016 was a period of further success and growth for the group.
“I am proud to report that several of our latest innovations in technology-based payment solutions have been successfully rolled out to serve our clients.
“Whilst we continue to advance in our core verticals, the group has made exciting progress in entering our new target sectors and over coming months we will focus and invest further to build our sales teams in order to further accelerate entry into these sectors.”
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