Small but Beautiful: Paypoint Successfully Cashing in Despite Recession

The Scotsman › June 09, 2009

Linked as:

Summary

ELECTRONIC payments firm PayPoint yesterday reported a 19 per cent increase in like-for-like pre-tax profit and said it was confident of opportunities for further growth in the coming year.

The firm, whose services include bill payment terminals and banking ATMs, said pre-tax profit for the year ending 29 March hit GBP 35 million, on revenues that were 7 per cent higher, at GBP 224m. The group has a market value of about GBP 300m. PayPoint, which has nearly 22,000 terminals in the UK and Ireland, plans to add another 1,500 in the UK over the year.

See the full content of this document

Extract

Small but Beautiful: Paypoint Successfully Cashing in Despite Recession

Chairman David Newlands said:...

See the full content of this document