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Razor Risk (ASX:RZR) lifts profit despite sales slump

Razor Risk (ASX:RZR) lifts profit despite sales slump

Risk management technology provider Razor Risk Technologies (ASX:RZR) boosted its FY10 profit 8% despite a 22% decrease in revenue.

The company reported a net profit of $1.6 million, on revenue of $14.1 million.

Razor Risk said it benefited from improved margins and client profitability, as well as the further reduction of annualised operating costs.

Earnings per share were 0.56 cents, compared to 0.53 cents for FY09.

RZR shares are today trading unchanged at $0.025.

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