e-pay Asia (ASX:EPY) more than doubles net in FY10

e-pay Asia (ASX:EPY) more than doubles net in FY10

Electronic payment company e-pay Asia (ASX:EPY) has more than doubled its profit in FY10 despite a decrease in profit.

The company's profit grew 123% to $955,900, or earnings per share of 3.36 cents, even while revenue fell 4.2% to $5 million.

The decline in revenue was attributed to exchange rate losses.

EPY shares have today grown 10% to $0.099.

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Tags financial resultse-pay AsiaASX:EPY

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