British based online payment services provider Neteller reports total revenue of USD 35.9 million in H1 2008. The company also witnesses 18 percent growth in fee revenue in H1 2008 to USD 32.8 million over the corresponding period of 2007. E-wallet revenue climbed 10 percent as compared with H1 2007, reaching USD 24.5 million. European revenue hit USD 23.4 million, jumping 10 percent over H1 2007, while Asia Pacific revenue climbed 58 percent to USD 8.6 million.

Neteller also reports a gross margin of 61.6 percent for the same period, as compared with 54.6 percent in the first six months of 2007. Income before interest and taxes and depreciation and amortization (EBITDA) reached USD 5.9 million. Profit before tax hit USD 1.2 million, while the solid balance sheet indicated USD 61.7 million cash and cash equivalents at the end of June 2008.