H1 2011: Optimal Payments total revenue reaches USD 57.4 million

Optimal Payments, the UK-based online payment services provider, has seen its total revenue for H1 2011 reach USD 57.4 million as compared to a reported USD 30.8 million in the same interval in 2010.

According to the financial results, the Straight Though Processing (STP) revenue (NETBANX bureau and gateway services) has amounted to USD 36.9 million in H1 2011, up from USD 11 million registered in H1 2010. The Stored Value revenue (NETELLER eWallet and Net+ cards) has reached USD 20.1 million in comparison with USD 19.4 million recorded in H1 2010. The company’s investment income has totalled USD 0.4 million in H 1 2011.

Furthermore, the company’s EBITDA for H1 2011 has totalled USD 6.4 million while for the same interval in 2010, the EBITDA has amounted to USD 6.1 million. EBITDA is defined as results of operating activities before depreciation and amortisation and exceptional non-recurring items which are referred to as items of income and expense of such size, nature or incidence, that in the view of management their disclosure is relevant to explain the performance of the Group.

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