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SafeCharge International trims dividend as profit falls

Wednesday, 14th March 2018
Payments technology company SafeCharge International Group booked a fall in annual profit after rising expenses offset growth in revenue.

Net profit fell 11% to $23.8m, as revenue rose by 7% to $111.7m.

Adjusted Ebitda inched up by 1% to $33.7m.

The company trimmed its final dividend to 9.20c per share, down 3% on-year.

In 2018, the company said it expected revenue to be in the range of $125m to $130m, and adjusted Ebitda to be between $36m and $38m.

'This will be driven by continued growth from our existing client base and new customers due to start processing in 2018,' SafeCharge said.


At 8:30am: (LON:SCH) SafeCharge International Group share price was -6p at 302.5p



Story provided by StockMarketWire.com

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