Funds companies supplier SafeCharge (LSE: SCH) has simply launched its ultimate outcomes for the 12 months ending 31 December 2016.
The figures present a powerful monetary efficiency year-over-year with core revenues rising 11% to $101.5 million, EBITDA (at fixed foreign money) elevated by 14% to $35.three million and money balances at 12 months finish remained secure at $115.four million. The surplus free money circulate is offloaded to shareholders by way of the dividends which grew by 46% to 16.47 $c.
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David Avgi, CEO of SafeCharge, mentioned: “I’m happy to report set of outcomes. It has been one other 12 months of robust efficiency within the core enterprise and the Firm has made optimistic steps with the implementation of its natural development technique. We proceed to spend money on our fee and threat platform to assist future development and are delighted that our prospects recognise the advantages that SafeCharge’s funds options convey to them.”
SafeCharge additionally stories that it has made begin to 2017. It reveals that transaction volumes proceed to develop in its core fee processing and buying platform and it has a powerful gross sales pipeline.
The corporate’s board of administrators say they appear ahead with confidence to 2017 and past. They count on revenues to be within the vary of $115 – $118 million, and adjusted EBITDA to be $36 – $38 million. Based on them, this shall be pushed by continued development from the prevailing consumer base and over $1 billion in annualised processing volumes from new shoppers attributable to begin processing in 2017.
Avgi concluded: “The Group is assured that its concentrate on delivering top quality income mixed with a considerable pipeline of latest enterprise will yield additional income development in 2017 and construct stronger worthwhile momentum in 2018.”