Datacash Group PLC
09 January 2006
DataCash Group Plc: DATA / Index: AIM / Sector: Support Services
9 January 2006
DataCash Group plc ('DataCash' or 'the Company')
Pre-Close Trading Update
The Directors of DataCash Group plc, the AIM listed payments service provider,
are pleased to announce a pre-close trading statement to highlight the Company's
successes through 2005:
• The Company achieved pre-tax profits (pre-goodwill amortisation
and exceptional items) in line with market expectations.
• Net Cash balances at the end of the year rose from £3.2m to more
than £4.8m.
• Transaction volumes grew strongly throughout the year to more
than 60m (2004: 41m) driven by the Company's continued success as the UK's
leading independent payment service provider.
• The Company appointed Mr. Andrew Dark as its new CEO effective
from January 2006. Mr. Dark has considerable experience in the payments
industry, and relationships with a number of important retailers, channel
partners and banks. He is expected to add significantly to DataCash's
opportunities in 2006 and the Directors welcome him to the Board.
• The Board believes the prospects for 2006 are good, with further
strong growth expected in the Company's core business.
DataCash anticipates publishing its final results in late March/early April
2006.
* * ENDS * *
For further information contact:
David Bailey, DataCash Chairman Tel: 0870 7274 760
Keith Butcher, DataCash Finance Director Tel: 0870 7274 760
Isabel Crossley, St Brides Media & Finance Ltd Tel: 020 7242 4477
Notes
DataCash Group plc - www.datacash.com
DataCash provides outsourced solutions for the authorisation, settlement and
fraud management of credit and debit cards as well as direct debits, direct
credits and cheques. DataCash's fraud management solutions support industry
initiatives such as 3-D Secure (Verified by Visa and MasterCard SecureCode) as
well as rules-based fraud screening. Transactions are accessible to merchants
through a real-time MIS Reporting suite.
DataCash's solutions are suitable for merchants selling through any channel,
including High Street Point of Sale, the Web, Interactive TV, Kiosk, Call Centre
and Interactive Voice Response. DataCash works with the leading integrators,
such as IBM, to provide mid-tier retailers with Cardholder Present Chip and PIN
solutions.
This information is provided by RNS
The company news service from the London Stock Exchange
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