- Full-year adjusted pre-tax profit up 13 per cent to £11mn (8.9p)
- Annual dividend hiked 11 per cent to 7.25p
- 21 per cent growth in underlying net cash to £9.5mn
- 23 contract wins support another year of growth
Record annual results from Fonix Mobile (FNX:192p) highlight exactly why the Aim-traded technology group continues to outperform.
In the past five years, the group has more than doubled the value of the payments it processes by offering a mobile payments service that enables merchants to charge customers' mobile phone bills for products or services. Fonix’s technology effectively turns the mobile device into a cash register while offering convenience for consumers who use their mobile to make payments for services such as car parking, cinema tickets, pay-and-go gyms, gaming and public transport.