StockMarketWire.com - Payments company Equals Group said its revenue in the first half rose 18%, which was in line with its expectations.

Revenue for the six months through June rose to £1.3bn, up from £1.1bn on-year.

Overall revenue margins were slightly improved, as the positive effects of supply change rationalisation outweighed the impact of growth being strongest in lower margin products.

'The performance of Equals during the first half of 2019 clearly demonstrates the success of the group's strategy and its diversified and evolving business model,' chief executive Ian Strafford-Taylor said.

'The wider regulatory permissions we now have both in the UK and the US combined with the depth of our connectivity to the payment networks will enable us to continue our growth in 2019 and beyond.'


At 2:01pm: [LON:EQLS] share price was +3p at 128p



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