Fintech group Capital Appreciation highlighted a strong acceleration in business activity in reporting financial results for the year ended March 2022., adding that it has a strong pipeline going into fiscal year 2023.
Headline earnings per share increased by 30% to 13.40 cents and dividends by 36% to 7.50 cents per ordinary share. The group also invested a sizeable amount on R&D and to set up its new operations in the Netherlands. The terminal estate has grown at a compounded annual growth rate of 41% since 2017 and now comprises 277,000 units.
“A range of new clients as well as recent inroads into Africa bodes well for further growth in the payments division,” it said.
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