https://www.rnz.co.nz/assets/news_crops/116021/eight_col_157771208_l.jpg?1610402753 A surge in donations in the run up to Christmas has seen the mobile payments company, Pushpay, lift its full-year guidance. Pushpay provides mobile donation services to churches and charities in North America (File image). Photo: 123RF The New Zealand-owned, US-based company expected its underlying profit for the year ending March to be between $US56 million and $US60m ($NZ78.4m – $ NZ84m), up from its previous forecast of $US54m and $US58m ($NZ75.6m – $NZ81.2m). Its underlying profit for the year earlier was $US25.1m ($NZ35.15m). Pushpay provides mobile donation services to churches and charities in North America. In an update to the stock exchange, the company said donation volumes over the month of December had exceeded internal forecasts, boosting underlying earnings. “While December donation volumes are usually significantly higher than other months partially driven by tax year-end giving in the US, the level of the increase can vary from year ...
Read More →