Bill payment services provider PayPoint's Q1 revenue rises 4 pct

July 22 Wed Jul 23, 2014 2:20am EDT

July 22 (Reuters) - PayPoint Plc, a provider of bill payment services, said first-quarter revenue rose 4 percent, driven by its retail services business and growth in Romania.

PayPoint, which provides payments and other services to utility, transport and retail companies, said revenue rose to 53 million pounds ($90 million) in the quarter ended June 30.

Total transactions processed for the 91-day period since the end of the year rose 5 percent to 189.3 million.

The company said it expected profit growth to be lower than net revenue growth in the first half of the year.

($1=0.5859 British pounds) (Reporting by Noor Zainab Hussain; Editing by Ted Kerr)

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