Boku FY EBITDA seen $1.0m ahead of forecasts

Mobile payments group Boku provided investors with a quick update covering recent trading on Wednesday.

Boku said it had seen continued strong trading in its payments businesses year-to-day and had also benefitted from a series of Covid-related cost savings.

As a result, the AIM-listed group's board now expects underlying earnings for the year ending 31 December to be at least $13.5m - a minimum of $1.0m higher than current consensus market forecasts.

Boku added that a further trading update would be provided in January following the peak December trading period.

As of 0840 GMT, Boku shares were up 3.27% at 126.50p.