Hipay Group SA (FR:ALHYP) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
HiPay Group SA reports a 10.5% revenue increase in the first half of 2024 despite a modest payment volume growth of 1.3% amidst challenging economic conditions. The fintech firm attributes its strong revenue performance to a favorable mix effect primarily in the iGaming/Digital markets and the introduction of new payment methods. The company anticipates a full-year revenue growth of 6-9% and expects operating and net profitability to meet or exceed the levels of 2023.
For further insights into FR:ALHYP stock, check out TipRanks’ Stock Analysis page.