Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has just provided the following pre-close trading update for the year ended 31 December 2017.
The Group generated record revenues and transaction processing volumes in Q4, with the latter exceeding US$ 1 billion for the first time in December. This excellent Q4 performance followed a strong performance during Q3.
The Company announced that it expects that its results for the full year will be in line with market expectations, with revenues for 2017 in the range of US$111-112 million and Adjusted EBITDA in the range of US$33-34 million.
The Board reiterates its view that the full year dividend will total 75% of Adjusted EBITDA for the period.
With robust current trading, a strong sales pipeline and new clients set to join the platform, the Directors look forward with confidence to the 2018 financial year.
The Company will announce its results for the year ended 31 December 2017 on 14 March 2018.