SafeCharge (AIM: SCH), the international provider of payments services, risk management and IT solutions used by many in the FX industry, has just released the following trading update ahead of its 2014 full year results which will be announced in the latter half of March 2015.
Trading in the fourth quarter continued to be strong according to SafeCharge’s figures. As a result, the company expects that its Adjusted EBITDA for the full year will be ahead of market expectations and at least US$24.5 million.
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In addition to the strong trading performance, the period was notable for a number of operational advances at SafeCharge, including the company receiving approval for Issuing Activity by MasterCard Europe and the separate acquisitions of CreditGuard and 3V Transaction Services. These acquisitions the report says, which were completed in the second week of January, will expand SafeCharge’s product offering and accelerate entry into new markets.
The report ends on a positive note from SafeCharge’s board: “December was an extremely strong month for the company. This momentum has continued into January and the directors look forward with confidence for the 2015 financial year.”