Payment services provider PayPoint has issued an unaudited post-close trading update for the financial year ended 31 March 2024.
PayPoint anticipates that underlying core operational earnings will be more than £80m for the financial year, year-end net debt below £70m and underlying profit before tax in line with expectations, as outlined in its third quarter trading update issued on 24 January.
The company’s board is now considering a share buyback programme to enhance shareholder returns based on the strength of this performance, sustained strong cash flow and its confidence that the business will keep growing and hit its financial targets.
Details of this will accompany the announcement on 13 June of PayPoint’s preliminary results for the financial year.
