SafeCharge goes from strength to strength: Trading update indicates increasing performance since IPO

Specialist payment processing firm SafeCharge (LON:SCH), having recently hit the headlines as it listed on London’s Alternative Investment Market (AIM) raising $126 million in its IPO, has issued a trading update whhich states that its revenues are making continual increments.

In the trading update released on May 16 the Company announced that the momentum generated throughout 2013 had continued into 2014 and that Q1 2014 revenues were substantially ahead of Q4 2013 and better than expectations for the quarter.

The Directors are now pleased to announce that the strong start to 2014 has continued and that as a result, both revenues and EBITDA for the full year to 31 December 2014 are expected to be materially ahead of market expectations.

The Board looks forward to updating shareholders on the Group’s progress at the time of its interim results in September.

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