LONDON (ShareCast) - Electronic payment services group PayPoint has grown interim profits by 6% and traded in line with expectations since the end of September.

Profit before tax for the 26 weeks ended 28 September climbed to £15.3m from £14.5m and rose 15% on a like for like basis on revenue up 5% to £109.3m, or 9% like for like.

“PayPoint has delivered first half results ahead of market expectations,” said chairman David Newlands. “There are new products and prospects in the UK and elsewhere, which provide ample opportunity for management to continue to deliver growth."

The group said it is on track to meet its target of 1,500 additional terminals for the year after growing its UK terminal network by nearly 900 sites to 20,772.

“Trading since 28 September has been in line with the company's expectations and the directors are confident that the company will continue to deliver growth,” the firm added.

The interim dividend goes up to 6p a share from 5.3p.

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