Cardpoint announces satisfactory results

Cardpoint announces satisfactory results
Tags: Bank / Credit Union, Distributors / ISO / IAD, Other, Public Companies, Regulatory Issues, Retail / Off-Premises
May 22, 2006

ShareCast: United Kingdom-based independent ATM deployer Cardpoint released satisfactory financial results for first six months of the year. The company also said its integration of the Moneybox portfolio is progressing. EBITDA increased 116 percent, to £7 million (U.S. $13.18 million), from the same period in 2005. But pre-tax losses also increased, from £5 million (U.S. $9.4 million) last year to £15 million (U.S. $28.24 million). Those losses were the result of higher administration costs, mainly from the integration of Moneybox, Cardpoint said.