leadf
logo-loader
viewPaypoint

Paypoint trims expectations after mild Christmas affects energy transactions

Profits before exceptional items will still rise in the year to March but at a more modest rate than previously expected.

Paypoint  -
There was a solid performance in bill payments in the UK and Romania.

A mild Christmas has prompted billing services group Paypoint PLC (LON:PAY) to trim its expectations for the year.

The warmer weather affected energy transactions within UK bill payments while parcel volume growth was also at the bottom lower end expectations.

Profits before exceptional items will still rise in the year to March said chief executive Nick Wiles, but at a more modest rate than previously expected.

Underlying revenue rose by £1.3mln to £32.7mln in the three months to December, as service fees increased, Paypoint One was rolled out further and bill payments in the UK and Romania performed solidly.

Quick facts: Paypoint

Price: 590 GBX

LSE:PAY
Market: LSE
Market Cap: £405.03 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

HempFusion submits application to the Uk’s Food Regulatory body for product...

HempFusion (TSE: CBD- OTCQX: CBDHF) CEO Jason Mitchell joined Steve Darling from Proactive to share news the company has submitted its dossier to the United Kingdom's Regulatory Food Safety Agency. Mitchell telling Proactive the first step in the United Kingdom’s regulatory approval process...

6 hours, 46 minutes ago

Holding(s) in Company

1 day, 12 hours ago

Total voting rights

3 days, 12 hours ago

Director/PDMR Shareholding

1 week, 4 days ago

Acquisition

3 weeks, 2 days ago

Director/PDMR Shareholding

1 month, 1 day ago

Acquisition

1 month, 1 day ago

2 min read