According to the company’s financial results, the number of global agent locations has reached 275,000, registering an 18 percent increase.
The company has also reported a net income of USD 10.3 million and EBITDA value of USD 55 million. During the period under review, adjusted EBITDA has grown by 13 percent to USD 68.4 million. Adjusted EBITDA margin in Q1 2012 was 21.5 percent, up from 20.5 percent in the same period in 2011. MoneyGram’s diluted income per common share has reached USD 0.14, including a negative USD 0.05 per share impact from restructuring and reorganization costs and USD 0.03 due to certain legal expenses.
In Q1 2012, the volume of money transfer transactions has gone up by 15 percent. Money transfer fee and other revenue have increased by 12 percent to USD 268.3 million, as compared with US 239.6 million in Q1 2011. Money transfer transactions originating outside of the US have jumped 17 percent in 2011. US-to-US money transfer transaction volume has continued its strong growth, increasing by 15 percent. US outbound transaction volume has witnessed a 12 percent growth in Q1 2012 led by US-to-Mexico growth of 19 percent as compared to 2011.
Bill payment transaction volume has decreased 5 percent, while fee and other revenue have decreased 8 percent to USD 27.6 million. Excluding the Q4 2011 divestiture, transactions have increased 4 percent and fee and other revenue have declined 3 percent.
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