Strong growth in the second half at international online payments provider Optimal Payments means that revenues and earnings for 2012 will be beat market forecasts, the AIM-listed firm said on Monday.
The company said that its second-half performance was driven by its NETBANX STP division, which processes credit/debit cards, online direct debit and local payments, and an improvement in the NETELLER Stored Value business, which processes e-wallet payments.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Optimal Payments now expects full-year revenue and EBITDA to be at least $172m and $26.0m, respectively.
"We look forward to 2013 as we build upon our strong technological and risk-management foundation. We believe the momentum we have built in 2012, particularly during the second half, will continue into 2013 as our pipeline of opportunities and financial run rate are encouraging," said the group's President and Chief Executive Joel Leonoff.
"Our experienced and professional management team and staff continue to work effectively to drive the group forward and we see many opportunities for both our NETBANX straight through processing and NETELLER stored value businesses in 2013 and beyond."
-
Rail fares could spike by 5.8% next year – how to save on train travelJuly’s RPI inflation reading tends to determine rail fare hikes in the following year. We look at how much your train tickets could cost, and how to save money
-
'Governments are launching an assault on the independence of central banks'Opinion Say goodbye to the era of central bank orthodoxy and hello to the new era of central bank dependency, says Jeremy McKeown
