SafeCharge Reports Good Financial Performance in Final 2016 Results

Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term services provider SafeCharge (LSE: SCH) has just released its final results for the year ending 31 December 2016.

The figures show a strong financial performance year-over-year with core revenues growing 11% to $101.5 million, EBITDA (at constant currency) increased by 14% to $35.3 million and cash balances at year end remained stable at $115.4 million. The excess free cash flow is offloaded to shareholders via the dividends which grew by 46% to 16.47 $c.

David Avgi, CEO of SafeCharge, said: "I am pleased to report a good set of results. It has been another year of strong performance in the core business and the Company has made positive steps with the implementation of its organic growth strategy. We continue to invest in our payment and risk platform to support future growth and are delighted that our customers recognise the benefits that SafeCharge's payments solutions bring to them."

2017

SafeCharge also reports that it has made a good start to 2017. It reveals that transaction volumes continue to grow in its core payment processing and acquiring platform and it has a strong sales pipeline.

The company's board of directors say they look forward with confidence to 2017 and beyond. They expect revenues to be in the range of $115 - $118 million, and adjusted EBITDA to be $36 - $38 million. According to them, this will be driven by continued growth from the existing client base and over $1 billion in annualised processing volumes from new clients due to start processing in 2017.

Avgi concluded: "The Group is confident that its focus on delivering high quality revenue combined with a substantial pipeline of new business will Yield Yield A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a A yield is defined as the earnings generated by an investment or security over a particular time period. This is in typically displayed in percentage terms and is in the form of interest or dividends received from it.Yields do not include the price variations, which differentiates it from the total return. As such, a yield applies to various stated rates of return on stocks, fixed income instruments such as bonds, and other types of investment products.Yields can be calculated as a ratio or as a Read this Term further revenue growth in 2017 and build stronger profitable momentum in 2018."