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8 March 2021 | 07:45am StockMarketWire.com - Payments company Network International booked a large fall in annual profit after the pandemic shrank transaction volumes. Pre-tax profit from continuing operations for the year through December slumped to $10.3 million, down from $64.0 million year-on-year, as revenue dropped 15% to £284.8 million. The company did not declare a final dividend. Total processed volumes reversed 33% to $33.5 billion, even as the number of cards hosted rose 14% to 16.2 million. Looking ahead, Network International said it expected its revenue in 2021 to return to aro...

14 January 2021 | 10:00am StockMarketWire.com - Digital commerce company Network International Holdings said that revenue for 2020 was ahead of guidance, totalling $284 million. Underlying Earnings before interest, taxes, depreciation, and amortization (EBITDA) is also anticipated to be slightly ahead of market expectations. Fourth quarter total revenue was down 19% year-on-year, although absolute revenues in Q4 were higher than Q3, reflecting the continuing recovery in card and digital transactions. Chief executive Simon Haslam said: ‘We continued to see encouraging market trends throughou...