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PayPoint powers ahead

Consumers might be hard up, but bills still have to be paid and PayPoint (PAY) is benefiting from a growing trend towards paying bills electronically. In fact, transactions processed in the period grew 18 per cent year on year to 345m, which helped push operating profits up 13 per cent to £18.9m. Shareholders were also rewarded with a hefty dividend hike.

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By Jonas Crosland,
29 November 2012

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