CAB Payments Holdings Limited (GB:CABP) has released an update.
CAB Payments Holdings PLC reported a robust first-half performance for 2024 with total volume levels up 4% to £17.6bn despite a global 10% year-on-year decrease in payment flows. The company expects a marginally lower full-year Gross Income compared to the previous year but remains optimistic about future growth due to new strategic initiatives and market demand for its services. Investment in infrastructure, including new offices and network development, has been ongoing despite a reported 22% decline in Gross Income to £56 million, influenced by currency dislocations and central bank interventions.
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