Payment services firm PayPoint (LSE: PAY) has enjoyed a decent rally recently despite reporting a plunge in profits for the last financial year to the end of March. Pre-tax profits fell sharply to £8.2m, from £49.6m, on slightly lower revenues of £213m, compared to £219m a year earlier. The lower profits were largely due to a £30.8m impairment charged booked against the company's mobile payments business, which is up for sale.