A strong performance is reported by SafeCharge International Group, the payments technology company, for the year ended December 31, 2017.
Revenues reached US$111.7m, up seven per cent on the $104.1m of the previous year. The gross profit was $64.5m compared with $60.7m, up six per cent and the EBITDA stood at $33.7m compared with $33.3m.
In a statement the company said that the growth was driven by new customer wins and expanded relationships with existing customers. The transaction growth in value of transactions processed through SafeCharge for the year was $9.6bn compared with $8bn.
David Avgi, CEO, said: “We demonstrated excellent performance, particularly in the second half of the year, and made good progress on our organic growth strategy. We also continue to invest in our payment and risk management platform to drive future growth and are delighted that our customers recognise the benefits that SafeCharge's payment solutions bring to them.”