Half Year Results 

Boku boosted by escalating momentum

Boku boosted by escalating momentum

Newly listed Boku (BOKU) continued to fire on all cylinders during the half year to June, reporting its first positive adjusted cash profits – $2.5m (£1.9m), compared with a loss of $2.8m one year earlier. The direct carrier billing specialist, which allows consumers to charge purchases made via their mobile devices to their phone bills, saw total payment volumes more than double to $1.5bn. In turn, revenues escalated, while the gross margin climbed from 90.7 per cent to 92.4 per cent.

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