Data Cash FY profit bounces 48%

22nd Mar 2010 07:30

Credit card transaction handler DataCash said annual pre-tax profit increased as transactions rose and it expects further growth this year.The group also announced an increase to its annual dividend to 2.25p per share, up from 1.8p a year earlier. For the year ended 31 December 2009 DataCash reported adjusted pre-tax profit of £16.6m compared to £14.6m a year before. Turnover jumped 32% to £36.9m during the year."The board anticipates further growth in revenue, profits and dividends in 2010," said chairman Ashley Head.He added, "We continue to look for acquisitions to expand our geographical reach and/or our product set further."