Article: Payment card company Muzo hikes profit 50 % to CZK 250 mln last year.

Payment card company Muzo hikes profit 50 % to CZK 250 mln last year

Prague. March 21. INTERFAX EUROPE - The Muzo payment card company saw its profit rise by 44.8 % last year to CZK 247.3 mln, according to figures released by the firm.

The company's total sales rose 7.5 % yr/yr to CZK 898 mln.

Muzo is the leading provider of non-cash payment services in the CR. It authorizes transactions by payment cards, administers databases and operates ATMs and payment terminals.

At the end of 2002, Muzo's authorization system ran a total of 1,114 ATMs, a yr/yr increase of 40 %. Muzo operated 18,500 payment terminals at ...

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