- First-half pre-tax profit up 25 per cent to £7.4mn
- Underlying cash up a third to £11.2mn
Record interim results from Fonix Mobile (FNX:255p) highlight why the Aim-traded technology group’s shares have delivered a 100 per cent total return since I initiated coverage (Alpha Research: Bargain opportunity to play the mobile payments boom’, IC, 5 August 2021).
Fonix’s main activity is a mobile payments service that enables merchants to charge customers for products or services (mobile ticketing, gaming, parking, dating, charity donations), turning the mobile device into a cash register while offering convenience for consumers.