4th Sep 2009 15:53
2009 Second Quarter Trading UpdateFriday 4 September 2009 - NEOVIA Financial Plc ("NEOVIA" or the "Company") (NEO.L), the independent online payments business, issues the following clarification of a statement made in its trading update of 7 August 2009. In the second quarter trading update of 7 August 2009, the Company indicated "While gross margin in the first half of 2009 will be lower than the same period of 2008, the second quarter of 2009 will be ahead of the first quarter's gross margin as the Group's focus on cost control continues to show results." Following finalisation of the Company's interim results review, the Company wishes to clarify that the second quarter gross margin as will be reported will be lower than that of the first quarter of 2009, at 54.4% compared to 58.0%. The statement made on 7 August 2009 was based on an error in the preparation of the trading update. The Company wishes to apologise for this error and reiterates that the other comments made in the trading update stand, and should be considered in the context of the full interim results statement which the Company will publish as planned on 17 September 2009.
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For further information contact: |
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NEOVIA Financial Plc |
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Andrew Gilchrist VP Communications |
+ 44 (0) 1624 698 713 |
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Email: [email protected] |
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Citigate Dewe Rogerson |
+ 44 (0) 20 7638 9571 |
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Sarah Gestetner / George Cazenove |
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Daniel Stewart & Co Plc |
+ 44 (0) 20 7776 6550 |
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Paul Shackleton |
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About NEOVIA Financial
Trusted by consumers and merchants in over 160 countries to move and manage billions of dollars each year, NEOVIA Financial Plc (formerly NETELLER Plc) operates the world's leading independent online payments business. Through its Payment Suite, featuring NETELLER®, NETBANX®, Net+™ and 1-PAY™ brands, NEOVIA Financial specialises in providing innovative and instant payment services where money transfer is difficult or risky due to identity, trust, currency exchange, or distance. Being independent has allowed the company to support thousands of retailers and merchants in many geographies and across multiple industries.
NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM market, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about NEOVIA Financial visit www.neovia.com.
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Paysafe Group