Market Update Economic Events Directors Deals Commodities Prices News Market Movers

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

Related Shares: Safecharge Intl

Share Search
Share Search Share Search

Visit the Share Search.
Share Search

Share News
Share News will do their best to ensure the quality of the information displayed on this site, but all information is provided as-is, free of charge. We cannot be held responsible for any loss, material or otherwise, due to incorrect information found here. UK data supplied by NBTrader and Digital Look. Share Prices are at least 15 minutes delayed.