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Mobile payments specialist continues to impress

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This fast growing mobile payments specialist has announced excellent interim results. This business has delivered fabulous returns since arraiving on AIM in 2020. With an enticing dividend yield, on top of the strong growth potential, it remains an exciting one to follow as you can discover below.


Founded in 2006, with a track record of strong growth and profitability, Fonix Mobile (LON:FNX) is a UK focused mobile payments and messaging company.


For its last full financial year ending June 2022 (over a period when many businesses struggled) its small team of 40 or so talented individuals based in London grew revenues 12% to £53.6m and profits by 16% to £9.7m, resulting in an attractive operating margin of 18% and an even more compelling 120% return on equity. …

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