Paypoint profit up 13% to €27.2m

MOBILE top-up firm Paypoint reported a 13% increase in full-year profit driven by strong growth in transaction values.

The British-based cash and internet payment firm, which recently added more terminals in Ireland and Britain, said net income was £23.8m (€27.2m), or 35.3 pence per share, in the 52 weeks ended March 29, compared with £21m, or 30.8 pence per share, in the 53 weeks ended March 30, 2008.

Revenue increased 5.8% to £224.4m in the period.