Shares in Cabcharge Australia Limited (ASX:CAB) leapt to one of the best performers of the S&P/ASX 200 index yesterday after releasing its interim report.
The taxi payments company drove up its first half net profit by 8 per cent to $36 million in the last six months of 2013 in the same period revenue rose 3.5 per cent to $103 million.
Cabcharge attributed the profit growth to positive contributions from all of its business activities and an improvement from its UK operations.
Looking ahead the company says it is cautiously confident about its long term growth prospects based on its technology, product innovation and diversification.
A fully-franked interim dividend of 15 cents per share has been declared, down from 18 cents the year before.
Shares in Cabcharge Australia leapt 5.96 per cent following the results announcement yesterday to end at $4.27.
