Fonix Mobile annual profit rises as new business wins boost revenue

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Mobile payments and messaging services company Fonix Mobile reported a climb in annual profit as revenue was boosted by new business wins.

For the ear ended 30 June, pre-tax profit rose to £7.4 million from £7.2 million year-on-year as revenue increased x%$ to £47.7 million.

The company said that 34 new customer contracts were signed in period, with the active customer count increasing by 13% to 111 active customers at the year end.

A final dividend of 3.53p per share was recommended.

The company said it had made a 'positive' start to FY22, with trading in line with the board's expectations.