ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

MPAY Mi-pay Group Plc

1.20
0.00 (0.00%)
19 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Mi-pay Group Plc LSE:MPAY London Ordinary Share GB00B0N59376 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.20 1.00 1.40 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Mi-Pay Group PLC Trading Update and Notice of Results (4140V)

30/01/2017 7:00am

UK Regulatory


Mi-pay (LSE:MPAY)
Historical Stock Chart


From Mar 2019 to Mar 2024

Click Here for more Mi-pay Charts.

TIDMMPAY

RNS Number : 4140V

Mi-Pay Group PLC

30 January 2017

This announcement contains inside information

30 January 2017

Mi-Pay Group plc

("Mi-Pay" or the "Group" or the "Company")

Trading Update and Notice of Results

Mi-Pay (AIM: MPAY), the leading provider of outsourced digital transformation and mobile payment solutions to Tier 1 Mobile Network Operators and Mobile Virtual Network Operators, is pleased to provide a trading update for the year ended 31 December 2016, ahead of announcing its final results on 5(th) April 2017.

Trading Update

Trading for the year ended 31 December 2016 has been in line with market expectations. Total revenue for the year is expected to be GBP3.3 million (2015: GBP3.0 million) and the Company has continued to experience strong growth in transactions, delivering an increase in payment transaction values processed to GBP83 million during the year (2015: GBP65 million).

This was achieved whilst maintaining high payment success rates and low fraud levels which is expected to improve gross margins during the year. The Company has also delivered further year on year reductions in administrative expenses.

The Company's cash position at 31 December 2016 remained consistent with the prior year at GBP3.5m (GBP3.5m as at 31 December 2015).

Seamus Keating, Chairman of Mi-Pay, commented: "2016 has seen another year of progress for Mi-Pay and we are very pleased that we have delivered a significant increase in transactions processed with our continued investments in payment fraud, cyber security and payment services technologies driving improved efficiency across the Group."

For further information, please contact:

 
Mi-Pay Group plc    IFC Advisory        Zeus Capital 
Tel: +44 207 112    Tel: +44 203 053    Tel: +44 161 831 
 2129                8671                1512 
Michael Dickerson,  Graham Herring      Nick Cowles 
 CEO 
John Beale, CFO     Tim Metcalfe        Jamie Peel 
                     Heather Armstrong 
 

About Mi-Pay Group

Founded in 2003, Mi-Pay Group enables clients to transform their customers' payment journey and move them from paper to digital, improving the overall customer experience and delivering more choice and flexibility for pre-paid customers. Our product offering provides the infrastructure to enable pre-paid mobile devices to be topped up via a variety of channels such as websites, mobile applications and social media applications. Customers include Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs). Our fully outsourced online payments solutions are enhanced by a fully integrated suite of risk management tools to provide the highest level of payment fraud management and data security for our clients and their customers. Mi-Pay sells, integrates and operates its products and solutions on a global basis. For further information, please visit www.Mi-Pay.com or the contact details as shown above.

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTOKCDNKBKBKDB

(END) Dow Jones Newswires

January 30, 2017 02:00 ET (07:00 GMT)

1 Year Mi-pay Chart

1 Year Mi-pay Chart

1 Month Mi-pay Chart

1 Month Mi-pay Chart

Your Recent History

Delayed Upgrade Clock

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

Support: +44 (0) 203 8794 460 | support@advfn.com