TechFinancials’ operating performance improves substantially, EBITDA is up 80% in 2016

Binary platform provider and operator TechFinancials Inc (LON:TECH) has issued a statement indicating that its 2016 first half results should be in line with expectations.

In addition to the company’s previous formal statement, here are some more highlights:

  • Trading in the first half of 2016 has been strong;
  • Operating performance improved substantially compared with the same period in 2015, resulting in EBITDA increasing by over 80% from US$0.55 million to in excess of US$1 million.
Asaf Lahav, TechFinancials

Asaf Lahav, TechFinancials

Here’s what Asaf Lahav, Group CEO of TechFinancials, commented:

We are very pleased with the results for the first half of 2016. During the period our B2B division continued to perform strongly and we are now finally seeing the fruits of our B2C initiatives. Both revenues and EBITDA are substantially up compared with the same period last year leaving the Board increasingly confident about meeting market expectations for the full year.”

TechFinancials will report its full first half financials later this summer.


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