Quantcast
Saturday , December 16 2017
Breaking News
Home / International Customs / SafeCharge Revenues and EBITDA decline in second half of 2016
SafeCharge Revenues and EBITDA decline in second half of 2016

SafeCharge Revenues and EBITDA decline in second half of 2016

WASHINGTON: Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) announced its full year 2016 results. And, despite using phrases such as ‘strong financial performance’ and ‘strong trading and operational momentum’, the numbers indicate that SafeCharge saw a slight decline in both revenues and profitability in the second half of the year.

Nevertheless, SafeCharge’s 2017 outlook was for growth of 10-15%. The SafeCharge board issued guidance for 2017 with revenues expected to be in the range of US$115 million to US$118 million, versus $104 million in 2016, and Adjusted EBITDA between US$36 million and US$38 million, versus $33 million last year.