viewEquals Group Plc

FairFX boss Ian Strafford-Taylor 'delighted' with 2016 performance

Ian Strafford-Taylor, chief executive of FairFX Group Plc (LON:FFX) talks through performance of the multi-currency payments service with Proactive's Stocktube.

Its revenue from currency transactions rose 27.9% to £10.19mln from £7.97mln the year before. In total, £798.3mln of currency transactions passed through the FairFX platform, up 27.4% from £636.8mln in 2015.

International payments turnover rose 49.2% year-on-year to £446.5mln while currency card turnover was up 24.1% to £299.0mln.

During the year, 80,202 new customers were added to the business, bringing the total up to 588,192. The first quarter of 2017 saw another 15,070 customers get on board, bringing the total up to 603,262.

Quick facts: Equals Group Plc

Price: 89.5 GBX

Market: AIM
Market Cap: £159.47 m

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