WASHINGTON: Payments services and technologies provider SafeCharge International Group Ltd (LON:SCH) announced its full year 2016 results. And, despite using phrases such as ‘strong financial performance’ and ‘strong trading and operational momentum’, the numbers indicate that SafeCharge saw a slight decline in both revenues and profitability in the second half of the year.
Nevertheless, SafeCharge’s 2017 outlook was for growth of 10-15%. The SafeCharge board issued guidance for 2017 with revenues expected to be in the range of US$115 million to US$118 million, versus $104 million in 2016, and Adjusted EBITDA between US$36 million and US$38 million, versus $33 million last year.
