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Annual Results

Worldpay improves FY pretax profit

07 March 2017 07:26

Worldpay's FY pretax profit has surged to £264.1m, up from £19.1m a year earlier.

Dividend per share was 2.0p, from nil. Revenue was £4.54bn, up from £3.96bn. Underlying EBITDA was £467.6m, from £406.1m. During the year, Worldpay recorded 14.9bn transactions, from 13.1bn. The total transaction value was £451.1bn, from £404.2bn.

The company described the year as having a very strong financial performance.

"We had a very strong 2016, both in terms of financial performance and strategic progress, and we're starting 2017 better placed than we've ever been," said CEO Philip Jansen in a statement.

"We are continuing to strengthen our global leadership position in payments, and we are well positioned to capitalise on the opportunities for further growth we see in our markets," he added.

Story provided by StockMarketWire.com

Related Company: WPG

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