SafeCharge indicates strong first half 2017 results in Trading Update

safecharge results

Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has provided the following trading update for the first six months of 2017. The Company expects to announce its interim results for the period ending 30 June 2017 on 12 September 2017.

Trading in the first half of the year has been solid. The performance of SafeCharge Acquiring is particularly strong and is ahead of management expectations.

The Board is highly encouraged by the pipeline of new quality business from Tier 1 clients, many of whom started processing on the Company’s global acquiring platform by the end of the first half of the year, although the revenue growth to maturity from these long-term Tier 1 clients is taking slightly longer than anticipated.

The Group continues to invest in sales, marketing and product development; strengthening the business for future growth.

The Board remains confident that the outcome for the year will be broadly in line with market expectations.

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