Paypoint (GB:PAY) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
PayPoint Plc reported a strong financial performance for the half year ending September 2024, with an impressive 20.6% increase in underlying EBITDA to £37.5 million and a 23.4% rise in underlying profit before tax. The company continues to expand its strategic investments, enhancing growth in parcels and Open Banking, while also launching a share buyback program to boost shareholder returns. Despite challenges in consumer behavior, PayPoint remains confident in its growth prospects and aims to achieve £100 million EBITDA by FY26.
For further insights into GB:PAY stock, check out TipRanks’ Stock Analysis page.
