Electronic parts catalogue developer Infomedia (ASX:IFM) has raised its FY10 profit 8% despite a 17% decline in sales revenue.
Revenue fell to $45.3 million, while profit was $11.3 million and ebitda grew 15% to $18.1 million.
The company said the main reasons for the revenue decline were the stronger Australian dollar, and the cessation of revenue from an expired major contract.
The results of a hedging program and a reduction in expenses contributed to the profit growth.
IFM shares are today trading 4.2% higher at $0.250.