Source: DataCash Group
The Board of DataCash Group Plc, the payment service provider, is pleased to announce its half yearly results for the six months to 30 June 2008.
Overview:
Revenues increased to £12.2m (June 2007: £9.86m)Adjusted* pre-tax profits, increased to £6.3m (June 2007: £5.3m)Adjusted* earnings per share increased to 5.04p (2007: 4.07p)Cash balances of £19.1m (June 2007: £19.2m) equivalent to 20.7p per share, after acquisition payments for ACK and EuroCommerce.
* Before goodwill amortisation and impairment, National Insurance provision on share option gain and notional interest on deferred consideration.
Commenting on the results, Ashley Head, Chairman of DataCash said: "Overall, the Board is pleased with the progress of implementing our strategy to both broaden our product range and international coverage. Despite the current pessimism regarding the UK economy, the Board is confident of achieving its full year outlook."
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