- Mobile payments and messaging company Fonix reported a rise in profit in the first half of the year, as revenue rose by a quarter thanks to increased demand.

For the half year ended 31 December, pre-tax profit rose to £3.5 million from £3.4 million year-on-year as revenue climbed 25% to £24.6m

The company declared a maiden interim dividend of 1.7p per share.

The company also said it had appointed Michael Foulkes as chief financial officer. Foulkes would succeed Rupert Horner as a full time CFO of the Company on 29 March 2021.

Looking ahead, Fonix said it 'expects continued growth through 2021 from both existing clients and a strong pipeline of new business opportunities.'

At 8:27am: [LON:FNX] share price was 0p at 112p

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