David Newlands, Chairman of PayPoint, said: “PayPoint has delivered another strong set of results with growth in net revenue, operating profit and profit before tax.  This has allowed us to increase our interim dividend payment by 5% to 7.8p per share.  These results demonstrate our ability to execute strategy, delivering improved yield in our established business streams and growth in our developing businesses.  In our established business streams, we have focused our attention on growing retail services and contracting with new internet merchants.  In Romania, cost reduction and growth in bill payment has put us on track to profitability. In Collect+, we have contracted with large retail merchants and in PayByPhone, we have continued to invest as planned.

Taken together, our businesses provide a solid foundation from which we aim to deliver long term value for shareholders. Trading since the period end is in line with the company’s expectations.”

To view the full Interim Results Presentation, please click here.