Footsie’s new child Worldpay again within the black because it posts £19m revenue 

 

Worldpay has posted a £19million revenue in its first yr as a listed firm on the inventory change.

The corporate, which offers methods for companies to take card and contactless funds, was again within the black after making a lack of £47million in 2014.

It stated the variety of transactions being dealt with rose by 14 per cent over the interval, to 13billion, and the worth of these transactions rose 9 per cent to £401.9billion.

Rising profits: Worldpay provides systems for businesses to take card and contactless payments

Rising income: Worldpay supplies techniques for companies to take card and contactless funds

Worldpay, which was purchased from Royal Financial institution of Scotland in 2010 for £2billion, was the most important flotation on the trade final yr. Yesterday its shares fell four.eight per cent to 277.8p.

Chief government Philip Jansen stated: ‘We made vital operational and monetary progress in 2015. It was a yr of appreciable achievement. The group has made an excellent begin to 2016, according to expectations, and these outcomes present a robust platform for continued progress over the medium time period.’

Worldpay floated on the inventory trade in London with its shares priced at 240p – valuing the corporate at £four.8billion. It peaked at 316.8p in mid-January.

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