PRELIMINARY RESULTS YEAR ENDED 28 MARCH 2010 27 May 2010 | Year ended 28 March 2010 | Year ended 29 March 2009 | Increase/ (decrease) | Revenue | £196.6m | £224.4m | (12.4)% | Net revenue1 | £77.4m | £77.4m | - | Gross margin | 32.3% | 28.5% | 3.8 ppts | Operating profit | £34.1m | £33.7m | 1.2% | Profit before tax | £32.6m | £34.6m | (5.7)% | Basic earnings per share | 32.9p | 35.6p | (7.6)% | Proposed final dividend per share | 14.4p | 11.6p | 24.1% |
OPERATIONAL HIGHLIGHTS - Continued leadership of the UK retail cash payment sector.
- Bill payment network and transaction volume growth in Romania.
- 22% transaction growth in internet payments and the successful introduction of energy meter home vending solutions for major utility clients, demonstrating the success of a multi-channel approach.
- Successful launch of Collect+, a ground-breaking, new consumer parcel collection and delivery service into 3,400 outlets, in a joint venture with Home Delivery Network.
- Acquisition of PayByPhone, worldwide leader in parking payments by mobile phone.
Enquiries PayPoint plc
Dominic Taylor, Cheif Executive, 01707 600300
George Earle, Financial Director | Finsbury
Rollo Head 0207 2513801
Don Hunter |
A presentation for analysts is being held at 11.45 am today at Finsbury, Tenter House, Moorfields, London, EC2. This announcement is available on the PayPoint plc website:http//www.paypoint.com 1Net revenue is revenue less commissions paid to retail agents, the cost of mobile top-ups and SIM cards where PayPoint is principal and acquiring bank charges. Download the entire press release here. | 
