E-payment and cash machine provider Cardpoint's half-year pre-tax profit to March 31 rose 116% to £7m, on sales up 78% to £47.5m.

Cardpoint said that its acquisition of Moneybox last year and a six-month contribution of approximately 300 cash machines from the HBOS estate had boosted profit.

Mark Mills, chief executive officer of Cardpoint, added: “Trading for the first half of this year has been satisfactory. We look forward to the second half of the year and continued steady progress.”