17 October 2017
visit www.response.ncr.com

Cardpoint H1 underlying pre-tax profit more than triples

21 May 2007  |  1470 views  |  0 Source: Cardpoint

Cardpoint, the market leader in the independent cash machine sector in the UK and Germany, announces the Company's interim results for the six months ended 31 March 2007.

Operating highlights
  • Strengthening of the Board and operational management following the appointment of Executive and Non-Executive Directors
  • Continued growth in the UK ATM estate, particularly in higher yielding through the wall machines
  • Continued expansion in Germany with the addition of over 60 new machines
  • Acquisition of the ATM estate of Travelex UK in April 2007 adding a further 1,070 machines in the UK
  • Divested non-core businesses and closure of loss-making Netherlands business


Financial highlights
  • Turnover for continuing operations of £40.8 million (2006: £40.7 million)
  • Underlying profit before tax* up 250% to £3.9 million (2006: £1.1 million)
  • EBITDA* up 42% to £9.9m (2006: £7.0 million)
  • Strong operating cash flow up 145% to £7.4 million (2006: £3.0 million)
  • Adjusted earnings per share* up 206% to 3.58p (2006: 1.17p)


Bob Thian, Chairman of Cardpoint, said: "Cardpoint has made good progress during the first half of 2007, with substantial increases in profit and earnings reflecting the encouraging start to the year and the efforts taken to improve margins. Although we have seen a softening in revenues we remain on budget at the half year.

"The business is making good progress and the recent acquisition of the ATM business from Travelex will provide material earnings accretion in 2008 and beyond."

* before goodwill amortisation, charges for share based payments and exceptional items

Read the full statement here:» Download the document now 32 kb (PDF File)

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.innotribe.comRegister now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14394 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13048 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8950 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7886 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7591 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job