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Hansen Technologies (ASX:HSN) lifts FY10 profit 37%

Hansen Technologies (ASX:HSN) lifts FY10 profit 37%

Billing system provider Hansen Technologies (ASX:HSN) has lifted its 2010 profit 37% to $11.1 million, on growing customer demand.

The company posted 6% higher operating revenue of $57.8 million, and 20% higher ebitda of $17.2 million.

Hansen CEO Andrew Hansen said the company benefited from the upheaval in its core markets.

“Our products are targeted at industries undergoing technological and structural change which we are ideally suited to support,” he said.

He added that the company is “ideally positioned for growth in the coming years.”

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Tags financial resultsbillingHansen TechnologiesAndrew HansenASX:HSN

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