Optimal Payments to beat full-year forecasts
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.
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.
"As a result, both revenue and EBITDA [earnings before interest, tax, depreciation and amortisation] for the full year ended December 31st 2012 are expected to be ahead of market expectations," the firm said.
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."
-
Who is the richest person in the world?
The top five richest people in the world have a combined net worth of $825 billion. Who takes the crown for the richest person in the world?
By Vaishali Varu Published
-
Top 10 stocks with highest growth over past decade - from Nvidia, Microsoft to Netflix, which companies made you the most money?
We reveal the 10 global companies with the biggest returns since 2013. One firm has posted an astonishing 9,870% return, meaning a £1,000 investment would now be worth almost £82,000.
By Ruth Emery Published