SafeCharge Exceptional results for FY2014

Tuesday March 17,2015 : SAFECHARGE POWERHOUSE

Exceptional results for FY2014

Israeli online gambling and property billionaire Teddy Sagi’s payment processing business SafeCharge had a stomping year according to full year 2014 results which were released earlier today (Tuesday).

Key performance highlights for the year ending December 31, 2014 include:

-    Revenues up 78 percent to US$76.9 million (2013: US$43.2 million)

-    Gross Profit up 79 percent to US$44.5 million (2013: US$24.9 million)

-    Adjusted EBITDA up 119 percent to US$24.7 million (2013:US$11.3 million)

-    Adjusted net profit up 122 percent to US$21.3 million (2013: US$9.6 million)

-    Cash flows from operations US$20.8 million (2013:US$10.8 million)

-    Reported profit after tax US$14.4 million (2013: loss US$1.3 million)

-    Cash balances at year end of US$146.5 million (2013: US$11.8 million)

Moving into 2015, the company said strong trading and momentum had been generated to date resulting in “a very strong” January and February.

Roger Withers, Chairman of SafeCharge, said: "It is a privilege to present such an outstanding set of results in our first year as a public company. I congratulate David Avgi and the whole of the SafeCharge team, for an excellent performance during a landmark period for the group. We entered the year trading strongly with financial strength to pursue our stated M&A strategy."

"After a transformational year of progress, December saw record monthly revenues and earnings,” commented David Avgi, chief executive officer of SafeCharge. “This momentum has continued into the first three months of 2015 and we have enjoyed very strong trading.

“In 2015, we will continue to develop our technology and products and grow the business into new market and industries, enabling us to benefit from operational leverage."

On the back of the strong results, the recommended final dividend is US$ 5.28 cents per share, giving a total 2014 dividend of US$ 8.16 cents per share.

$400k Winner at Bodog Casino - To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.

NBA : Warriors Win the West; NBA Finals Next - The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.

PartyPoker Rakebak - Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.

NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.