SafeCharge reports a bumper 2015

Teddy Sagi’s financial venture SafeCharge plc released its full year 2015 numbers this week, reporting impressive progress and highlighting:

* Revenue up year-on-year by 30 percent to $99.8 million;

* Gross profit up 30 percent at $57.7 million;

* Adjusted EBITDA of $31.1 million – up 26 percent on the preceding year;

* Reported profit after tax of $22.9 million – up 58 percent;

* Cash on hand $114.9 million – lower by 22 percent compared with previous year;

* Total company income of $28.7 million – up an impressive 99 percent;

* Final dividend of 7.30 c – up 38 percent and making the full year dividend 11.30 c – an increase of 30 percent.

CEO David Avgi reported that the group has enjoyed a good start to 2016 and has a strong pipeline of business. He listed operational highlights of the year as:

* The successful launch of VISA acquiring services complementing MasterCard services;
* New customer wins with a strong pipeline and several significant new customers due to go live in H1 2016;
* Significant advance in core business processing transaction value of US$6.9 billion (2014: US$5.7 billion);
* Convergence of acquiring and issuing under a single technology platform;
* Development and certification of multichannel and airline solutions;
* PAY.com MasterCard pre-paid card successfully launched;

“2015 was another period of strong financial performance and continued growth,” Avgi said. “We have continued to innovate, develop and deliver our payment products and technologies, enabling us to deepen our relationships and win new business with large scale customers. With continued strong momentum and an excellent pipeline of new business, we look forward to the rest of the year with confidence and optimism.”

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