Safecharge transaction volume exceeds $1bn in December
SafeCharge International Group Limited (DI)
451.00p
16:14 01/08/19
Payments services group Safecharge generated record revenues and transaction processing volumes in the three months leading to 31 December, with the latter exceeding $1bn in December alone for the first time.
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Safecharge also said its results for its recently ended trading year to fall in line with market expectations, with revenues pegged to be in the vicinity of $111-112m alongside an adjusted EBITDA of around $33-34m.
"With robust current trading, a strong sales pipeline and new clients set to join the platform, the directors look forward with confidence to the 2018 financial year," read a trading update issued by the group on Thursday.
Safecharge reiterated its view that its full-year dividend would total 75% of adjusted EBITDA for the period.
As of 1200 GMT, shares had lost 0.80% to 309.00p.