SafeCharge Reports Positive Guidance for Upcoming Financial Results
- SafeCharge has issued a trading update for the first half of 2016 with adjusted EBITDA expected to be in excess of $16 million.
SafeCharge, a provider of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term services, technologies and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions for online and mobile businesses, today published an upbeat trading statement for the first six months of 2016.
The company said that it has enjoyed strong trading in the first half of 2016. As a result, Adjusted EBITDA for the period will be comfortably ahead of US$16 million and the directors are very confident of the outcome for the full year and therefore expect the momentum to continue.
The directors confirm that the US dollar is the group's functional and most significant currency in terms of contribution to revenues and that nearly 80% of the group's cash is held in US dollars with sterling balances representing less than 5%.
Last March, SafeCharge published its full year results for 2015 year ending December 31st, which was reported by Finance Magnates. The company reported broad increases year-on-year compared to its 2014 totals across key financial highlights with growth seen in almost all top-line numbers and gross revenues up 30 percent year-on-year.
SafeCharge, a provider of Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term services, technologies and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions for online and mobile businesses, today published an upbeat trading statement for the first six months of 2016.
The company said that it has enjoyed strong trading in the first half of 2016. As a result, Adjusted EBITDA for the period will be comfortably ahead of US$16 million and the directors are very confident of the outcome for the full year and therefore expect the momentum to continue.
The directors confirm that the US dollar is the group's functional and most significant currency in terms of contribution to revenues and that nearly 80% of the group's cash is held in US dollars with sterling balances representing less than 5%.
Last March, SafeCharge published its full year results for 2015 year ending December 31st, which was reported by Finance Magnates. The company reported broad increases year-on-year compared to its 2014 totals across key financial highlights with growth seen in almost all top-line numbers and gross revenues up 30 percent year-on-year.