15th Sep 2020 16:10
Bango PLC - Cambridge-based mobile payments company - Revenue in six months to June 30 up 50% to GBP4.8 million from GBP3.2 million. Pretax loss narrows to GBP668,000 from GBP1.7 million a year earlier. "Most revenue growth results from contracts and routes won in previous years, so it is encouraging for future growth that the payments business launched new merchants and new routes during a period when online spending surged. With retailers now joining the Bango circle and new wins such as the major telco platform deal announced in May, Bango is ideally positioned to continue delivering exponential growth," Bango said.
Current stock price: 176.90 pence
Year-to-date change: up 40%
By Eric Cunha; [email protected]
Copyright 2020 Alliance News Limited. All Rights Reserved.
Related Shares:
Bango