Safecharge had an outstanding 2014 said Chairman Roger Withers after the payment services provider announced their first annual report as a public listed company.
Revenues stood at $76.9 million for the year compared to $43.2 million in 2013, representing a rise of 78%. Profits jumped 79% for 2014 to $44.5 million for the year.
The payment services firm said that its cash balances at the end of the year totaled $146.5 million, which represents huge growth on the $11.8 million in 2013.
“It is a privilege to present such an outstanding set of results in our first year as a public company,” Withers said
“I congratulate David Avgi (chief executive officer) and the whole of the SafeCharge team, for an excellent performance during a landmark period for the group.
“We entered the year trading strongly with financial strength to pursue our stated M&A strategy.”