Full Year Results 

Earthport sees profits fall

Earthport sees profits fall

Shares in Earthport (EPO) fell by more than 5 per cent after the cross-border payments specialist reported double-digit revenue growth but expanding pre-tax losses for the year to 30 June. This stemmed from an unrealised fair value loss of £4.8m, against a gain of £8.2m seen a year earlier – attributed to lower derivative financial assets as at the year-end. The group notes any loss or gain would only be realised in the “unlikely event” that a party defaulted. 

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