iGaming Business – Online payments provider Optimal Payments has cited the performances of its NETELLER and NETBANX services as the driving forces behind significant year-on-year growth during the first six months of this year.
The firm reported revenue of $159.1 million ($123.1 million) in the first half of 2014, up 34% from $118.4 million in the same period last year.
Earnings before interest, tax, depreciation and amortisation also jumped 54% from $25.5 million last year to $39 million in the six months through to June 30, 2014.
In addition, net profit grew by 91% from $14.1 million in H1 of 2013 to $27.4 million this year, while gross margin increased from 53% to 55%.
Optimal Payments highlighted the performances of its NETELLER and NETBANX services as two of the main reasons behind this overall growth.