OzForex Group
(ASX:OFX) shares shot up over twelve per cent yesterday on news the company has grand plans for an acceleration strategy.
The currency exchange website will change its name to OFX as it goes hard on global business aiming to double its revenue to $200 million by 2019.
The strategy is the brain child of new CEO Richard Kimber who also announced a new marketing chief at the company’s AGM yesterday.
The company plans to investigate acquisition opportunities but will focus on organic growth with eyes on the US market.
OZForex reported a net profit of $24.26 million for the full year to the end of March 2015.
