PayPoint PLC - Welwyn Garden City, Hertfordshire-based payment services provider - Tells annual general meeting the ‘positive momentum’ that it previously reported has continued, giving it confidence in making progress and meeting full-year expectations. Back in July, PayPoint reported a 46% fall in pretax profit in the financial year that ended March 31 but said net revenue had jumped by 20% in the first quarter of financial 2024 to £35.8 million from £29.9 million a year before. PayPoint will report its interim results on November 23.

PayPoint also confirms Alan Dale steps down as finance director at the AGM, though he will remain with the company until December 31. Rob Harding last month joined as chief financial officer to replace Dale.

Current stock price: 550.00 pence, up 1.5% in London on Thursday

12-month change: down 11%

Copyright 2023 Alliance News Ltd. All Rights Reserved.