Posting results for the six months to June 30 Optimal Payments reported a 40.2 per cent year-on-year climb in revenues to CAN$223m.

Optimal Payments

Profit (adjusted EBITDA) was up 27.9 per cent to $49.9m while adjusted profit after tax increased by 18.7 per cent to $37.3m.

The performance for the period does not include any contribution from the recently acquired Skrill, a deal that complete on August 10.

Joel Leonoff, president and CEO of Optimal Payments, said: "Our first half results show continued strong performance with growth in Neteller and Netbanx including a significant contribution from the integration of Meritus and GMA, the US centric businesses we acquired last year.

“This was achieved in the period in which we also completed the negotiations to acquire Skrill, a transformational transaction for us and for our shareholders and one which positions us as a key player in the global payments industry.

“Current trading continues to be strong and we believe that the consolidated business places us in a much stronger position in the payments landscape and are eagerly looking forward to our future as a combined entity.”