Increased revenues from bill payments helped PayPoint shrug off the continued decline of the market for mobile phone top-ups over the past quarter.
PayPoint dealt with 146 million transactions in the three months to 26 June, up 7% on the equivalent period last year. Revenues were up 2% to £47.7m, although sales of mobile phone top-ups continued to fall. Internet transactions were up more than a third (37%).
“Overall trading was in line with market expectations, taking seasonality of trading into account,” said chief executive Dominic Taylor.
“We are pleased with the continuing growth of our established business streams this year. The momentum in our developing businesses is also encouraging and we have reached break-even in Romania over the last two months.
“We look forward to improving returns on our invested capital in these businesses.”
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