HiPay Group SA Reports Earnings Results for the First Semester Ended June 30, 2016
HiPay Group SA reported earnings results for the first semester ended June 30, 2016. For the period, the company reported turnover increased from 20% over the period and reaches EUR 14.9 million against EUR 12.5 million a year ago. This growth in terms of turnover accelerated in the second quarter with 25% overall increase and +45% on the Fullservice business. EBITDA was EUR 2.1 million against EUR 1.5 million a year ago. Operating loss was EUR 0.4 million against EUR 2.3 million a year ago. Pre-tax earnings was EUR 0.5 million against EUR 2.2 million a year ago. Adjusted net income was EUR 0.1 million against adjusted net loss of EUR 0.5 million a year ago. Net income of the consolidated companies was EUR 1.0 million against EUR 2.5 million a year ago.