Ingenico H1 profits jumps
Ingenico reports further growth in operating margin in the first half of 2007.
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- Very strong growth in gross margin, up to 34.5% against 31% in the first half of 2006
- Profit from ordinary activities grew 57.1% to €23.1m.
- The operating margin, at 8.9%, increased by 3.1 points from the first half of 2006
- Operating expenses under control, stable at 25.6% of revenue
- Net profit up 49% at €12.4m.
Philippe Lazare, Ingenico Chief Executive Officer made the following comments: "The Group has successfully pressed ahead with its programme aimed at improving its operational performances, thanks to the mobilisation of all its employees and its expertise. The business successes recorded in the last few months have confirmed the Group's solid presence throughout the world
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