Hansen estimates strong 1H gains

Hansen estimates strong 1H gains

Billing system vendor Hansen Technologies (ASX:HSN) expects to report a 38% increase in pre-tax profit to $8.5 million for 1H11.

The company, which provides utility billing, customer support and smart metering systems to telecom operators in 40 markets worldwide, said unaudited results also show a 25% growth in ebitda to $10 million.

The historically high exchange rate of the Australian dollar has led to an expected 4% decrease in revenue to $28 million, Hansen said in a statement.

But many of Hansen's labour and occupancy costs are incurred in the currencies the Australian dollar is currently strong against, more than balancing this out, it added.

Hansen added in the statement that it is also seeing strong gains in awareness in the US following the November acquisition of US business NirvanaSoft.

Hansen grew its FY10 net profit 37% to $11.1 million, on 6% higher operating revenue of $57.8 million and 20% higher ebitda of $17.2 million.

HSN shares swelled 7.48% during Monday's trading to close at $0.790.

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Tags financial resultsHansen TechnologiesOSSGuidanceASX:HSN

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