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Payzone Sees Drop In Sales But Higher Profits

Published on Jul 16 2015 4:26 PM in Retail tagged: Payzone

Payzone Sees Drop In Sales But Higher Profits

In accounts recently filed with the Companies Registration Office, Payzone Ireland Limited has reported a drop in sales from €194.8 million to €170.9 million for the year ending 30 September 2014.

However, Payzone’s operating profit, before exceptional items, was €3.3 million compared to €1.4 million in the previous year.

Managing director of Payzone, Jim Deignan commented on the results, "2014 was another good year for Payzone Ireland largely driven by an ongoing expansion of services provided across the Payzone network."

One of the company's newer services is Parcel Connect, which allows customers to send, collect and return online goods through their local Payzone stores.

“Our balance sheet at the year-end demonstrates Payzone’s strong financial position and ability to invest in future growth as we move and transition ourselves to become a multi-service, multi-channel player providing electronic payment services across retail, mobile and online,” Deignan said.

As Ireland’s largest consumer payments network, Payzone’s client list includes a wide range of brands covering the telecoms, energy, transport and financial services sectors, and processes over 64 million transactions in Irish retail, online and mobile phone payments.

© 2015 - Checkout Magazine by Jenny Whelan.

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