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Good results for Optimal

Manx-based online payments processor Optimal Payments is firmly back in the black after a year which saw its revenues jump by 40 per cent.

The company has announced its results for the year ended in December 2012, showing its revenues rose from $127.9 million in 2011 to $179.1 million.

Optimal says its profitability also improved, with a pre-tax profit of $3.6m compared to a $26.2 million loss the previous year.

Joel Leonoff, president and chief executive officer, described 2012 as an excellent year, and says the results mean the group is well positioned for further growth in 2013.

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