UK's PayPoint falls after co sees tough conditions to persist in H2

PayPoint

21/11/2024 09:43

** Shares of UK payments firm PayPoint  PAYP.L  down 7.2% at
775p - among the top losers on FTSE midcap index  .FTMC  
    ** Co expects consumer behaviour to remain subdued as it
heads into the more important H2 period
    ** PAYP says, "Over the half, consumer behaviour has
improved from a slow start in April although remains subdued,
with broader economic indicators demonstrating the continuing
challenging environment for UK consumers"
    ** H1 underlying pretax profit rose 23.4% to 26.9 mln pounds
(~$34 mln); rev rose 6.7% to 135 mln pounds
    ** PAYP shares have gained ~49% YTD
 
($1 = 0.7921 pounds)

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com;))