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Prices & Quotes - UK Markets - Network International Holdings (NETW)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 222.40p
Change Today:
9.00p
Market Cap:
1,223.20m
Sector:
Support Services

Network International sees boost from UAE card fee cuts

By Frank Prenesti

Date: Monday 07 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Payments processing company Network International Holdings said it to benefit from a cut in transaction interchange fees in the United Arab Emirates as more merchants adopted card and digital payments.
The Middle East and Africa-focused company said the UAE Central Bank had cut the fees charged to merchants on debit card transactions, "in line with our expectations" with the reductions set to be introduced in a phased manner.

Shares in the company were up almost 5%, outperforming the market on Monday.

"There is no proposed regulation of the fees charged by acquirers, such as Network International. The reduction in interchange is a pass-through cost from Network International to merchant customers, and therefore we expect no adverse impact to our financials as a result of this change," the company said.

"In the medium to longer term, we expect this will further accelerate the adoption of card and digital payment acceptance by merchants and will therefore be beneficial to our business."

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NETW Market Data

Currency UK Pounds
Price 222.40p
Change Today 9.00p
52 Week High 650.00p
52 Week Low 203.80p
Volume 1,961,829
Shares Issued 550.00m
Market Cap 1,223.20m

Performance Indicators

Compare performance with the sector and the market.

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sector
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Price Trend
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Income
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Growth
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Price Chg 6m
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P/E
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PEG
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Dividend Yield
Not Available
EPS Growth
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sector
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Operating Margin
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sector
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  5. half sector star

NETW Dividends

No dividends found

Trades for 30-Oct-2020

Time Volume / Share Price
16:35 852,864 @ 222.40p
16:29 51 @ 222.40p
16:29 38 @ 222.60p
16:29 351 @ 224.00p
16:29 624 @ 223.00p

NETW Key Personnel

Chair Ron Kalifa
CEO Simon Haslam