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Trading Statement

28th Jun 2016 07:00

RNS Number : 4192C
SafeCharge International Group Ltd
28 June 2016
 

SafeCharge International Group Limited

 

("SafeCharge" or the "Group")

 

 

Trading statement

 

 

SafeCharge (AIM: SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, provides the following trading update for the first six months of 2016.

 

The Group has enjoyed strong trading in the first half. As a result, Adjusted EBITDA* for the period will be comfortably ahead of US$16 million and the Directors are very confident of the outcome for the full year.

 

The Directors confirm that the US dollar is the Group's functional and most significant currency in terms of contribution to revenues and that nearly 80% of the Group's cash is held in US dollars with sterling balances representing less than 5%.

 

*Adjusted EBITDA is a non-GAAP, Company-specific measure which is earnings excluding interest, taxes, depreciation, amortisation, acquisition costs and contingent remuneration, restructuring costs and share based payments charge.

 

 

- Ends -

 

For more information:

 

SafeCharge International Group Limited

David Avgi

Tim Mickley

 

+44 (0) 20 3051 3031

Shore Capital

Dru Danford

Mark Percy

Toby Gibbs

 

+44 (0) 20 7408 4090

Bell Pottinger

David Rydell

Olly Scott

James Newman

 

+44 (0) 20 3772 2500

 

About SafeCharge

SafeCharge International Group Limited is a global provider of payments services, technologies and risk management solutions for online and mobile businesses. The SafeCharge group has a diversified, blue chip client base and is a trusted payment partner for customers from various e-commerce verticals. SafeCharge has been Payment Card Industry Data Security Standard ("PCI-DSS") Level 1 certified since 2007 and is listed on the London Stock Exchange AIM market (LSE: SCH). The Company's wholly owned subsidiary, SafeCharge Limited, is an authorized Electronic Money Institution regulated by the Central Bank of Cyprus and a principal member of MasterCard Europe and Visa Europe. The SafeCharge group has operations in the UK, Cyprus, Bulgaria, Israel, Germany, Austria and Ireland.

 

 

www.safecharge.com

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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