Payments technology company SafeCharge has announced record revenues and transaction processing volumes for Q4 2018.
Following on from strong momentum reported in the trading update issued on November 28, the group’s processed volume for 2018 grew by 45 per cent to US$13.9bn, compared to $9.6bn for 2017.
The expectation now is that revenue for 2018 will be at the top end of management expectations, within the range of $137.5m to $138.5m, while adjusted EBITDA is set to also fall into the expected range of $36.5m to $37.5m.
The board has reiterated the view that the full-year dividend for 2018 will total 75 per cent of adjusted EBITDA for the period.
“With robust current trading, an expanded client base and strong sales pipeline, the directors look forward with confidence to the 2019 financial year and beyond,” the company stated.
Results for the year ending December 31, 2018, will be announced on March 13, 2019.