SCH Safecharge International Group Limited

TIDMSCH

RNS Number : 5579L

SafeCharge International Group Ltd

20 July 2017

SafeCharge International Group Limited

("SafeCharge", the "Group" or the "Company")

Trading Update

SafeCharge (AIM: SCH), a leader in advanced payment technologies, provides 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.

- Ends -

Enquiries

 
 SafeCharge International 
  Group Limited 
  David Avgi 
  Tim Mickley 
  c/o Bell Pottinger         +44 (0) 20 3772 2500 
 Shore Capital 
  Mark Percy 
  Toby Gibbs                 +44 (0) 20 7408 4090 
 Bell Pottinger 
  David Rydell 
  Joanna Davidson            +44 (0) 20 3772 2500 
 

About SafeCharge

SafeCharge International Group Limited (LSE: SCH) is the payment service partner for the world's most demanding businesses. SafeCharge provides global omni--channel payments services from card acquiring and issuance to payment processing and checkout, all underpinned by advanced risk management solutions. This fully featured proprietary payment platform connects directly to all major payment card schemes including Visa, MasterCard, American Express and Union Pay as well as over 150 local payment methods. With offices around the world, SafeCharge serves a diversified, blue chip client base and is a trusted payment partner for customers across a range of vertical markets. The company has been listed on the London Stock Exchange AIM market since 2014.

www.safecharge.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

TSTOKCDDABKDDOD

(END) Dow Jones Newswires

July 20, 2017 02:00 ET (06:00 GMT)

Safecharge (LSE:SCH)
Historical Stock Chart
From Apr 2024 to May 2024

Safecharge (LSE:SCH)
Historical Stock Chart
From May 2023 to May 2024