News Column

SafeCharge Says 2014 Results To Be "Materially" Ahead Of Expectations

June 30, 2014

Rowena Harris-Doughty

LONDON (Alliance News) - SafeCharge International Group Ltd Monday said it expects both revenues and earnings to be "materially" ahead of market expectations for the current financial year.

The company, which provides payments services risk management and IT solutions for online businesses, said it has seen a strong start to 2014, following on from trading momentum generated in 2013, which saw revenues in the first quarter of the current financial year both better than expected and substantially ahead of the fourth quarter of last year.

"The strong start to 2014 has continued and that as a result, both revenues and EBITDA for the full year to 31 December 2014 are expected to be materially ahead of market expectations," the company said in a statement.

EBITDA is earnings before interest, taxes, depreciation and amortisation.

SafeCharge shares were up 2.9% at 196.00 pence per share Monday morning.

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Source: Alliance News

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