UPDATE 1-DataCash profit rises

* H1 adj pretax profit 8.3 mln stg vs 7.5 mln stg yr ago

* H1 revenue 19.2 mln stg vs 18 mln stg

* Cash balance of 19.5 mln stg at June end
(Adds details)

Sept 9 (BestGrowthStock) – British payment service provider
DataCash Group (DATA.L: ), which is to be bought by the world’s
second-largest credit card network MasterCard (MA.N: ), posted a
9.6 percent rise in first-half adjusted pretax profit on strong
performance across its segments.

On Aug. 19, MasterCard had said it would buy DataCash for
333 million pounds in cash to expand its online commerce
business. [ID:nSGE67I0AA]

For January-June, DataCash posted an adjusted pretax profit
of 8.3 million pounds ($12.84 million), up from 7.5 million
pounds a year ago. Revenue rose 6.3 percent to 19.2 million

Cash balance at June end was 19.5 million pounds.

DataCash shares, which have risen more than 50 percent
since the MasterCard offer, closed at 356.75 pence on Wednesday
on the London Stock Exchange.
($1=.6463 POUND)
(Reporting by Shivani Singh in Bangalore; Editing by Vinu

UPDATE 1-DataCash profit rises