SafeCharge on track for further growth after 2015 success

David Avgi, chief executive of SafeCharge, has said that the company has set its sight on further success in the current year after achieving widespread financial growth during the 12 months through to December 31, 2015.

The payment solutions provider posted revenue of $99.8 million (€89.7 million) in 2015, an increase of 30% on the $76.9 million achieved in the previous year.

Gross profit also jumped 30% year-on-year to $57.7 million, while adjusted earnings before interest, tax, depreciation and amortisation hiked 26% to €31.1 million.

Elsewhere, cash flows from operations increased 41% to $29.3 million, reported profit after tax hiked 58% to $22.9 million, while total comprehensive income rocketed 99% to $28.7 million.

Total dividend for the year, including interim dividend paid during the period, came in at 11.30 cents, which represents an increase of 38% on the 8.16 cents paid out in the previous year.

SafeCharge also noted that it has enjoyed an encouraging start to 2016, with the company declaring its ‘confidence’ over the performance of the business during the current year.

“The year of 2015 was another period of strong financial performance and continued growth,” Avgi said.

“We have continued to innovate, develop and deliver our payment products and technologies, enabling us to deepen our relationships and win new business with large scale customers.

“With continued strong momentum and an excellent pipeline of new business, we look forward to the rest of the year with confidence and optimism.”

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