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PayPoint H1 Pretax Profit Declines - Quick Facts

PayPoint plc (PAY.L) reported profit before tax of 24.0 million pounds for the six months to 30 September 2019 compared to 25.3 million pounds, prior year. Earnings per share was 28.5 pence compared to 30.0 pence. Excluding the one-off VAT recovery benefit and Yodel impact in the prior year, underlying profit before tax was up 4.0 percent.

First-half net revenue was 57.3 million pounds, up by 3.0 percent on a reported basis and up 4.0 percent on an underlying basis.

An interim dividend of 23.6 pence per share and an additional dividend of 18.4 pence per share have been declared. As part of the new quarterly dividend payment profile the total dividend of 42.0 pence per share will be paid in equal instalments of 21.0 pence per share on 30 December 2019 and 9 March 2020.

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