PRELIMINARY RESULTS YEAR ENDED 27 MARCH 2011 26 May 2011 | Year ended 27 March 2011 | Year ended 28 March 2010 | Increase / (decrease) % | Revenue | £193.2m | £196.6m | (1.7) | Net revenue1 | £82.7m | £77.4m | 6.9 | Gross margin | 36.6% | 32.3% | 4.3ppts | Operating profit | £36.1m | £34.1m | 5.8 | Profit before tax | £34.5m | £32.6m | 5.5 | Diluted earnings per share | 35.1p | 32.7p | 7.5 | Dividend per share | 23.4p | 21.8p | 7.3 |
1. Net revenue is revenue less the cost of mobile top-ups and SIM cards where PayPoint is principal and costs incurred by PayPoint which are recharged to clients and merchants. These costs include retail agent commission, merchant service charges levied by card scheme sponsors and costs for the provision of call centres for PayByPhone clients. OPERATIONAL HIGHLIGHTS • Record group transaction volume (590 million), with growth in all channels • UK retail services continued strong growth, net revenue up 25% • 12 million Romanian bill payment transactions, up 118% • 59 million internet transactions processed, up 34% • PayByPhone transaction volumes of 14 million • Collect+ transaction volumes increased to over 1 million, up over 4 times on last year • Developed new virtual terminal which is currently being rolled out to selected multiple retailers’ till systems • Debt repaid and year end net cash was £26.5 million
Enquiries
PayPoint plc
Dominic Taylor, Chief Executive 01707 600300
George Earle, Finance 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. Click here to download the full Press Release
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