3rd Mar 2020 10:39
(Alliance News) - Boku Inc on Tuesday said it has performed "slightly" ahead of forecasts in the first two months of 2020 despite the global spread of coronavirus.
The AIM stock was 9.0% higher in London in morning trade at 63.76 pence per share.
Boku, a mobile payments platform, reported total payment volumes in January and February of USD966 million, up 30% on a year prior and "slightly" ahead of expectations.
Monthly active users are continuing to increase month-on-month, Boku highlighted, with 18.2 million active users in February, an increase of 36% year-on-year.
In addition, Boku said February daily volumes showed growth over January despite the spread of the Covid-19 virus worldwide.
Average total payment volumes per day increased by 2.5% in February when compared to January and daily average users were 4% higher month-on-month.
"Naturally we are concerned about the spread of coronavirus and feel for those people affected. The recent growth we have seen in those countries that are most affected has been higher than in those where the virus has had a more limited impact so far," said Chief Executive Jon Prideaux.
"We look forward to providing further updates at the time of the release of our audited 2019 results at the end of March 2020 and remain confident of meeting market expectations for the current year," added Prideaux.
By Evelina Grecenko; [email protected]
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