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The Markets
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The Markets
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Proactive UK has moved.
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Financial Services

Equals rallies after swinging to full-year profit

Payments company Equals Group rallied 9% to 87p after swinging to a full-year post-tax profit.

The AIM-listed company focused on the small and medium-sized marketplace reported profits of £3.6mln to the year-end 31 December 2022 compared to a loss of £2.3mln for 12 months prior.

Revenues also grew 58% to £69.7mln, while income for the three months to 24 March was 54% higher than the same period last year to £20.2mln.

“The group remains entirely focused on achieving further profitable growth, and, with our first quarter 2023 results being ahead of expectations, we look forward with much confidence,” said chief executive Ian Strafford-Taylor.

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