SUPERB RESULTS

REG - Optimal Payments PLC - Interim Results19 Sep 2012 - 07:01

For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20120919:nRSS5828Ma RNS Number : 5828M Optimal Payments PLC 19 September 2012 Optimal Payments Plc Interim Results for the six months ended 30 June 2012 Strong first half growth, on track to exceed full year market expectations Optimal Payments Plc (LSE: OPAY) ("Optimal Payments", the "Group" or the "Company"), a leading online payments provider, today announces its results for the six months ended 30 June 2012. Highlights · EBITDA(1) up 76% to $11.2m (H1 2011: $6.4m). · Revenues up 37% to $78.9m (H1 2011: $57.4m). Fixed costs marginally down following headcount reduction in Q1. · Profit before tax $1.7m (H1 2011: loss of $4.1m). · Strong organic growth from NETBANX Straight Through Processing division ("STP"), up 68% to $61.9m (H1 2011: $36.9m) with continued strength and growth in Asia. · NETELLER Stored Value ("SV") revenues down to $16.2m (2011:$18.0m(2)) principally as a result of the fallout from Black Friday(3) in H1 2011. § Initiatives undertaken in H1 have produced improved results in second half to date. Major investment in NETELLER SV platform now complete and cost base aligned. § US online gaming opportunity taking shape. · Strong demand from existing customers and from new customers won during the first half including Ford Credit, Hockey Canada and Rona. Commercial agreement signed with Lotus F1 Team. · Strong H1 revenue exit run rate positions the Company for further growth in second half and on track to exceed the market consensus full year expectations. Financial summary (unaudited) Six months ended 30 June 2012 2011(5) US$ million US$ million Revenue Straight Through Processing (NETBANX bureau & gateway services) 61.9 36.9 Stored Value (NETELLER eWallet & Net+ cards) 16.2 18.0 Stored Value - discontinued revenues (4) - 2.1 Investment income 0.7 0.4 Total Revenue 78.9 57.4 EBITDA (1) 11.2 6.4 Profit/(loss) before tax 1.7 (4.1) Tax (charge)/recovery (6) (2012 charge relates to 2004/5 period) (2.5) 0.5 Net loss for the period (0.8) (3.6) (1) EBITDA is defined as results of operating activities before depreciation and amortisation and exceptional non-recurring items which are defined as items of income and expense of such size, nature or incidence, that in the view of management their disclosure is relevant to explain the performance of the Group. (2) Excluding discontinued revenues - see note 4. (3) "Black Friday" refers to the regulatory action taken in April 2011 against certain major poker operators which resulted in many players ceasing to play poker worldwide. (4) Discontinued revenues were derived from e-money expiry which is now subject to different rules under the Electronic Money Regulations 2011. (5) 2011 comparables include only 5 months of revenues and costs from the OP Inc business acquired on 1 February 2011. (6) Tax charge in the period relates to expected reassessment of 2004/5 Canadian taxes following a review by the Canadian Revenue Agency which commenced in 2005. The Board has made a full provision for the amount it believes it is likely to be required to pay in respect of withholding taxes and interest. See note 17 in the Financial Statements for more detail. Commenting on today's results announcement, Joel Leonoff, President & CEO, said: The combination of NETELLER and OP Inc. has produced a multi-faceted payment product offering and positioned the emerged business Optimal Payments Plc to benefit from a rapidly evolving online payment market. Our efforts have resulted in a fully integrated and right-sized business with an efficient cost base. Our operationally geared business model, continued focus on product development and R&D, along with our strong presence in the internet payment market have combined to produce significant organic revenue and EBITDA growth. Our H1 results and strong foundation position the Company well for further growth in H2. The online payment industry continues to consolidate and the Group should benefit from the expected significant growth in both the online and mobile commerce markets. We see substantial opportunities to provide innovative solutions to merchants and consumers in both the NETELLER eWallet and NETBANX

Thanks kim - I must admit it has lifted the spirit a little. I couldn't believe my eyes this morning a nice start to the week and long may it continue for everyone in one way or another.

Spirits, I'm cheap, just a couple of pints. lol

It's ok 3m, I heard you the first time, no need to rub it in! Haha! :o)

What

Whoa!, this isn't the Last Tango in Paris thread DC! :o)

Shout a bit louder, what!!!!!!!!!!! lol

Now ear ear .

Going for a walk in the sun, then out for a meal to butter up the missus! :o)

You was doing that an hr ago. lol

Can't drink spirits much these days so have to have them lifted somehow. Only supposed to have 2 small gins per day, 5 days per week. I have gone over my allowance from time to time as you can imagine, being fed up - it really doesn't agree with all the medication. Walking in the sun kim it is peeing down here, have a good evening and what is butter, not supposed to have that either?? Holy shrit. Good job opay is doing something or it might be that noose hahaha!!!!!

DC, I should have started my walk when I said I would, the rain started when I was three quarters of the way......good job my local was there for me to shelter in! :o)

3m, keeping the spirits up is good, sometimes keeping the spirits down is difficult, especially after a curry! Keep up with the healthy diet.

Lol, hope you did not get too wet. :-))

Broker Buy Note Out..........

17 Sep 2013 Optimal Pay OPAY Numis Buy 250.50 256.00 300.00 325.00 Retains

325p SP target.

Deutsche Bank AG > 3%

ehhhhh have you posted wrong bit skinny?

No - click on the link?

GF -can you read the link?

I did strange that it didnt show present page but the conditions in small print.

Good news anyway.

Just added some more............well did do after 10 mins IG playing up again with I Explorer. Got them at price I wanted.......248.99p.

Yep can now.

On a positive run again, here we go.