Payzone pre-tax profits drop 50% to €2.87m

Pre-tax profits at electronics payment business Payzone last year halved to €2.87m after the firm suffered a dip in revenues.

Payzone pre-tax profits drop 50% to €2.87m

Accounts just filed with the Companies Office show that Payzone Ireland Ltd recorded the drop after revenues decreased by 5% from €234.2m to €222.1m in the 12 months to the end of Sept 30 last.

Payzone is Ireland’s largest consumer payments network with over 2,000 branded retail agents which process a variety of electronic transactions services, including mobile phone top ups, debit/credit card transactions; M50 motorway toll payments; Leap travel cards, local property tax payments, parking fees and pre-paid utility cards.

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