SafeCharge revenue news leaves shares flat

The price of shares in AIM-listed payments technology firm SafeCharge (LON:SCH) has fallen by 3.70% to 286p (as of 14:05 GMT) after its revenues for the year ended 31st December rose by 24%. The company said that this growth was driven by new customer wins and expanded relationships with existing clients.

CEO David Avgi commented: “The year 2018 was another period of strong financial performance and continued growth. We demonstrated excellent performance and successful entry into new markets and verticals. We have continued to innovate, develop and deliver our payment products and technologies, enabling us to deepen our relationships and win new business with large scale customers.

During 2019 we will continue to invest in building our sales teams to accelerate our entry into new markets, as well as to invest further in innovative products to our customers. We are only at the beginning of our journey. Our highly scalable proprietary Payments Engine has been designed to deliver superior performance translating into a better user experience and increased revenues for our customers“.