Prepaid Financial Services (PFS) announces circa 60%+ growth in turnover and profit for half year to 30.6.2016
Prepaid Financial Services Limited (PFS) continues to enjoy substantial growth and is well on track to exceed revenue and profit targets for 2016. New client acquisitions and growth of existing client programs, assisted by ongoing diversification and automation of new payment service offerings, has seen the value of funds loaded by clients increase by 70% over the corresponding period in 2015. As a result, revenues have increased 63% and profit from operations by 59% for the same comparative periods.
Comparative figures for the first 6 months of 2015 and 2016 are as follows:
|2015 (£ million)||2016 (£ million)||YOY Variance|