SafeCharge chief praises ‘strong’ performance in 2016

21 March 2017

David Avgi, chief executive of SafeCharge, has said that growth within the firm’s core businesses helped drive a year-on-year increase in key finances during the 12 months to December 31, 2016.

Full-year statutory revenue totalled $104.1 million (€96.4 million), representing an increase of 4% on the $99.8 million generated in the previous year.

Adjusted earnings before interest, tax, depreciation and amortisation came in at $33.3 million, 7% up on 2015, while statutory gross profit after tax climbed 5% to $60.7 million and statutory profit increased 16% to $26.6 million.

SafeCharge also said that it was able to add $1 billion of new transaction volumes for the year, adding that earnings per share for the 12-month period stood at 17.57 cents, 16% more than last year.

“It has been another year of strong performance in the core business and the company has made positive steps with the implementation of its organic growth strategy,” Avgi said.

“We continue to invest in our payment and risk platform to support future growth and are delighted that our customers recognise the benefits that SafeCharge’s payments solutions bring to them.

“The group is confident that its focus on delivering high quality revenue combined with a substantial pipeline of new business will yield further revenue growth in 2017 and build stronger profitable momentum in 2018.”

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