Paypoint rises on positive revenue growth

PayPoint

29/01/2025 08:57

** Shares of British payments company Paypoint  PAYP.L  up
2.4% at 720p, among top movers on London's midcaps index  .FTMC 
    ** Co posts Q3 group net revenue of 53 million pounds (about
$66 million), up 1.9%
    ** PAYP says on track to deliver FY25 expectations and 
EBITDA of 100 million pounds by FY26-end​
    ** Co says business delivered progress in Q3 despite
challenging overall trading environment and stalled consumer
confidence recovery
    ** Panmure Liberium analysts say FY25 should benefit from
growth in parcels business, payment channels such as open
banking and PAYP's 2025 cost-saving measures
    ** In 2024, stocks rose 50%


($1 = 0.8037 pounds)

 (
 Reporting by Simone Lobo in Bengaluru)
 ((Simone.Lobo@thomsonreuters.com; +919920570373;))