Results for online payments provider Optimal Payments for the 12 months to December 31, 2013, show a 41 per cent increase in revenue and an 89 per cent surge in profit (EBITDA).
Revenues rose to $253.4m from$179.1m in 2012, while EBITDA almost doubled from $27.6m in 2012 to $52.2m. Net profit after tax was $31.5m ($1.2m in 2012).
Optimal’s Neteller Stored Value also saw improved performance with revenues up 54 per cent to $59.8m (from $38.8m) as initiatives started in 2012 continued to deliver benefits.
Meanwhile, the Netbanx business showed strong organic growth. Revenues were up 39 per cent to $193m with continued strong growth in Asia.
