Breaking News
Prepaid Financial Services (PFS) Announces Circa 60%+ Growth in Turnover and Profit
Prepaid Financial Services Limited (PFS) continues to enjoy substantial growth and is well on track to exceed revenue and profit targets for 2016. New client acquisitions and growth of existing client programs, assisted by ongoing diversification and automation of new payment service offerings, has seen the value of funds loaded by clients increase by 70% over the corresponding period in 2015. As a result, revenues have increased 63% and profit from operations by 59% for the same comparative periods.
Comparative figures for the first 6 months of 2015 and 2016 are as follows:
|
2015 (£ million) |
2016 (£ million) |
YOY Variance |
|
|
Sales |
12,853 |
20,907 |
+62.66% |
|
Direct costs |
9,243 |
14,984 |
+62.11% |
|
Gross margin |
3,610 |
5,923 |
+64.07 |
|
Overheads |
1,867 |
3,153 |
+68.88 |
|
Operating profit |
1,743 |
2,770 |
+58.92% |
|
Other income* |
0,002 |
1,185 |
|
|
EBIT |
1,745 |
3,955 |
+126.65% |
PFS will continue to commit resources and costs to improve service delivery, operations and security, including PCI certification.
Noel Moran, CEO said: “We are pleased with the progress made in the first six months of 2016 and are confident of maintaining the growth rate for the remainder of the year. We expect to exceed our target of £5m Operating Profit for 2016 and our goal is to carry this growth forward into 2017 and beyond.”
- NRF 2025: Who Has the Best Booth? Read more
- Lloyds Banking Group Pioneers AI Leadership Training With Cambridge Partnership Read more
- HSBC Digital Merchant Services Launches in India and Singapore Read more
- Tabby Invests in NVIDIA HGX Systems to Power Advanced AI Infrastructure Read more
- DXC Launches Assure Smart Apps to Accelerate AI-Driven Innovation in the Insurance Industry Read more
Lloyds Banking Group Pioneers AI Leadership Training With Cambridge Partnership
Lloyds Banking Group is setting an industry benchmark by putting all senior leaders through a bespoke AI training programme
HSBC Digital Merchant Services Launches in India and Singapore
HSBC today announced the launch of its Digital Merchant Services (DMS) in India and Singapore, extending its innovative payments platform
Half of UK Gen Alpha Teens Already Hold £1,000+ in Savings
As the UK’s youngest consumer group approaches 16 in 2026 - new research from leading consumer insights platform Attest, finds Gen Alpha teens are already displaying advanced financial habits. Dubbed by Attest as the “Autonomous Generation” for their independence, digital fluency and self-directed choices, the UK’s youngest consumers are managing significant savings.
Sapiens’ AdvantageGo Unveils Underwriting Workbench 3.0 to Redefine Underwriting as an Intelligent Business Platform
AdvantageGo, a Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent SaaS-based software solutions, has announced the launch of the new version of its Underwriting Workbench, which is expected to strengthen the company's presence in property & casualty (P&C) markets in EMEA and North America.
Sapiens Announces Strategic Partnership with Linqura for P&C Underwriting Risk-Scoring
Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent SaaS-based software solutions, has announced a strategic partnership with Linqura, the leading provider of sales and underwriting intelligence solutions for the commercial insurance industry.
61% of Insurance Leaders Say Industry Failing to Keep Pace with Climate Risk
A new survey from ZestyAI, the leading provider of property-specific climate and risk analytics, finds that the insurance industry is falling behind in preparing for climate-driven risks, even as natural disasters grow more frequent, severe, and costly.
Trust Payments Powering Romanian Payments for Viva Games
Viva Games, a leading iGaming company, has chosen Trust Payments to handle gaming payments in Romania.
NRF 2025: Who Has the Best Booth?
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Lloyds Banking Group Pioneers AI Leadership Training With Cambridge Partnership
Lloyds Banking Group is setting an industry benchmark by putting all senior leaders through a bespoke AI training programme
HSBC Digital Merchant Services Launches in India and Singapore
HSBC today announced the launch of its Digital Merchant Services (DMS) in India and Singapore, extending its innovative payments platform
Tabby Invests in NVIDIA HGX Systems to Power Advanced AI Infrastructure
Tabby it is deploying NVIDIA HGX systems to begin developing and testing its AI capabilities to better serve a growing base of customers and merchants
DXC Launches Assure Smart Apps to Accelerate AI-Driven Innovation in the Insurance Industry
DXC announced the launch of DXC Assure Smart Apps, a new suite of AI-powered, workflow-driven applications
Half of UK Gen Alpha Teens Already Hold £1,000+ in Savings
As the UK’s youngest consumer group approaches 16 in 2026 - new research from leading consumer insights platform Attest, finds Gen Alpha teens are already displaying advanced financial habits. Dubbed by Attest as the “Autonomous Generation” for their independence, digital fluency and self-directed choices, the UK’s youngest consumers are managing significant savings.
Sapiens’ AdvantageGo Unveils Underwriting Workbench 3.0 to Redefine Underwriting as an Intelligent Business Platform
AdvantageGo, a Sapiens International Corporation, (NASDAQ: SPNS) (TASE: SPNS), a global leader in intelligent SaaS-based software solutions, has announced the launch of the new version of its Underwriting Workbench, which is expected to strengthen the company's presence in property & casualty (P&C) markets in EMEA and North America.