Cabcharge HY profit slides

Taxi payment service Cabcharge has reported H1 profit has slipped to $24.4 mln after regulatory changes in NSW and WA.

Cabcharge's half year net profit has fallen 22 per cent after regulatory changes in WA and NSW. (AAP)

Cabcharge's half year net profit has fallen 22 per cent after the NSW and West Australian governments capped the amount it could charge customers.

The company's net profit of $24.4 million for the six months to December 31 is down from $31.2 million a year ago.

Revenue for the half year fell 11.8 per cent to $88.6 million, after the NSW and WA governments halved the fee the company can charge customers, capping it at five per cent of the transaction value.

Cabcharge will pay a fully franked interim dividend of 10 cents per share, unchanged from a year ago.