PayPoint says trading is 'satisfactory'

21st Jan 2010 07:50

Payment services group PayPoint reported a 3% rise in revenues and said trading has been 'satisfactory'.Net revenues for the period from 28 September to 27 December were up 3% to £21m as a result of growth in bill payment, internet and other income. Earnings before tax and interest for the period are in line with pro-rated market forecasts, taking seasonality of trading into account, the group added.'Bill and general payment transactions in the UK are in line with our expectations. A slow start to the third quarter for energy prepayments was offset by much stronger activity as a result of the colder weather starting in December, when energy prepayments were 7% ahead of December 2008,' said the group.'As reported in the half yearly financial report, mobile top-up volumes in the UK, Romania and Ireland continue to be lower than last year, as a consequence of mobile operators offering consumers more airtime for lower prices.'