At Optimal Payments’ annual general meeting, taking place today in the Isle of Man, the company’s interim chairman Jonathan Comerford will announce that revenues for 2014 are forecast to exceed expectations.
In his statement, Comerford will say: “At the time of the group's 2013 full-year results in March we announced an excellent start to 2014.
“The strong trading in 2013 has continued in the year to date with both [Neteller and Netbanx] businesses performing very well, with revenues ahead of the same period last year and ahead of Q4 2013, and we look forward to a further boost from the World Cup in June and July.
The statement continues: “As a result, both revenues and EBITDA for the full year to December 31, 2014, are now forecast to be materially ahead of market expectations.”
In 2013, group revenues rose by 41 per cent to $253.4m, EBITDA was up 89 per cent to $52.2m and net profit increased to $35.1m, from $1.2 million in 2012.
