28th Mar 2014 13:23
LONDON (Alliance News) - Online and mobile payments company Optimal Payments PLC Friday said its annual pretax profit increased nine times after a strong rise in revenue.
Pretax profit rose to USD32.7 million in 2013, from USD3.6 million in 2012.
Revenue surged to USD253.4 million, from USD179.1 million.
"Trading since year end has been strong and we are particularly encouraged by the continued improved performance of NETELLER," Joel Leonoff, President and Chief Executive, said in a statement.
"Our investment focus in 2014 is on leveraging key opportunities including European acquiring and the emerging regulated US gaming market. We continue to assess M&A opportunities that provide a strategic fit at the right valuation to further accelerate growth and diversify our business," Leonoff added.
Leonoff said Optimal Payments will see an increase in developments resources and costs in 2014 as it builds on its recent growth by continuing to invest in the business.
Optimal Payments shares were Friday quoted at 387.25 pence, down 6.4%.
By Samuel Agini; [email protected]; @samuelagini
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