BUSINESS

Neovia Financial takes EBITDA and revenue hits

TAGs: EBITDA and revenue losses, Neovia Financial

Bad year at the races

Bad year at the races

2009 wasn’t just a bad year for Ladbrokes, PartyGaming and Tiger Woods. The payment processing companies suffered too. Neovia Financial’s figures for last year are about as inspiring as my Cheltenham Festival bets so to date – its earnings before interest tax depreciation and amortisation (EBITDA) halved in 2009 and revenue was down 15%. However, much like the remaining two days of the Festival, there is hope on the horizon, according to Neovia big wig Andrew Gilchrist. He believes the company has turned a corner. Just hope my horses remember to… Read more.

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