Interims from Mi-Pay Group, an established provider of digital payment and payment fraud managed services to Tier 1 mobile operators and digital content vendors, saw 7% revenue growth, a small improvement in gross margin and good cost control. As a result, the business was essentially EBITDA break-even in H1. Fully management payments grew 15% to £58.1m and a 64% increase in its direct managed fraud service to £29.2m. As this latter service has matured, fraud levels have reduced materially impro ....
25 Sep 2019
Breakeven in H1; outlook remains mixed
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Breakeven in H1; outlook remains mixed
Mi-Pay Group (MPAY:LON) | 0 0 0.0% | Mkt Cap: 0.55m
- Published:
25 Sep 2019 -
Author:
David Johnson -
Pages:
2
Interims from Mi-Pay Group, an established provider of digital payment and payment fraud managed services to Tier 1 mobile operators and digital content vendors, saw 7% revenue growth, a small improvement in gross margin and good cost control. As a result, the business was essentially EBITDA break-even in H1. Fully management payments grew 15% to £58.1m and a 64% increase in its direct managed fraud service to £29.2m. As this latter service has matured, fraud levels have reduced materially impro ....