Payments firm Wirecard reports a rise in 2018 profit and revenue

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Payments firm Wirecard reports a rise in 2018 profit and revenue
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Wirecard's report comes on the heels of an announcement that SoftBank will invest $1 billion in the company.

Wirecard reported an almost 37% rise in 2018 profits Thursday, as the German payments giant looks to put worries over its accounting practices behind it.

That's down from preliminary results posted in late January, which had put the company's earnings for the year at 568.3 million euros and revenues at 2.1 billion euros. Wirecard became the subject of controversy earlier this year after a series of media reports on fraud and false accounting allegations at the firm's Singapore office. Its 2018 report had been delayed by investigations into the allegations.

Germany's BaFin has since filed a complaint against two of the FT's journalists and a number of short sellers, and recently lifted the ban on Wirecard shorts.

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