11th Jul 2016 07:08
LONDON (Alliance News) - Mobile payments company Bango PLC on Monday said that margins remain in line with its expectations and that annualised end user spend in the first half surged year-on-year.
Bango said annualised end-user spend in the half to the end of June hit GBP159.0 million, significantly higher than the GBP60.0 million reported a year earlier.
The group said margins in the half-year were in line with its expectations and with market forecasts.
During the half, the firm said it secured new app store billing routes in India, Hungary, Norway, Finland, Belgium, Australia, Indonesia and Malaysia.
Shares in Bango were up 4.6% early Monday at 57.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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