Optimal delighted with results
Optimal Payments has announced improved results in its interim report for the six months ending June 2013.
The company posted $118.4 million in revenues, representing a 50% increase from the same period last year and a profit of $14.4 million compared to a loss of $800,000 in the same period for 2012.
The company pointed to a major turnaround in its NETELLER Stored Value business, with revenues up by $28.3 million representing a rise of 74%.
Optimal said that it would continue to invest in research and development focusing on new mobile payment functionality, product enhancements, regional growth, and an enhanced US online gaming payments solution.
Joel Leonoff, the company’s president and chief executive officer, described the interim results as “exceptional”.
He continued: “We are particularly encouraged by the performance of the NETELLER e-wallet with monthly revenues almost doubling from the first half of 2012. Our current focus and investment reflects our excitement about leveraging key opportunities including enhancing our mobile payments functionality, developing new innovative products, continuing with our on going geographic expansion and fortifying our payment-related services for the emerging regulated US gaming market.”
Mr Leonoff also indicated that Optimal would continue to consider possible mergers and acquisitions opportunities “that provide a strategic fit at the right valuation to further accelerate our growth.”
