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BUZZ-PayPoint: FY pretax profit up, to sell off small unit
May 28, 2015 / 8:38 AM / 2 years ago

BUZZ-PayPoint: FY pretax profit up, to sell off small unit

** PayPoint, provider of bill payment services, up 5 pct, top FTSE-250 gainer & just short of 3rd of daily avg volumes traded in first hr

** FY pretax profit rises 7.7 pct and co says to sell parking and online payment processing unit without revealing further details

** Jefferies analysts say sale of loss making unit, which could fetch over 100 mln stg, positive for co and paves way for EPS upgrade & potential material return to shareholders (RM: esha.vaish.thomsonreuters.com@reuters.net)

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