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PayPoint PLC on Thursday said it was ‘confident’ of delivering further progress in the year ahead as its profit saw a significant rise in the most recent financial year.
For the year that ended on March 31, the Welwyn Garden City, England-based payment company said revenue rose 14% to £134.1 million from £127.7 million a year ago. Pretax profit was £78.5 million, nearly tripled from £28.0 million the previous year.
Net revenue from continuing operations was £115.1 million, up 19% from £97.1 million a year ago.
Chief Executive Nick Wiles said: ‘This has been another positive year for the PayPoint group as we continue to build on transforming the business to deliver a significantly enhanced platform to drive strong shareholder returns.’
PayPoint declared a final dividend of 18.0 pence per share, up 8.4% from 16.6p a year ago. This raised its total dividend for the year to 33.6p, up 7.7% from 31.2p the year before.
Looking ahead, PayPoint said it remains confident in the delivery of further progress in the next financial year and meeting expectations.
Paypoint shares were up 1.2% at 584.00 pence each on Thursday afternoon in London.
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