ASX/AIM: EPYCompany Announcement27 February 2007e-pay Asia...

ASX/AIM: EPY
Company Announcement
27 February 2007
e-pay Asia Limited
(“EPY” or the “Company”)
e-pay Asia Limited is the leading provider of electronic
payment solutions and top up services for prepaid mobile users in South East Asia
Preliminary results for the year ended 31st December 2006
Highlights
• Strong growth achieved during the year in core market in Malaysia (prepaid airtime) and in software sales and services.
• Net profit attributable to members of A$6.0m delivered despite reported flooding in Malaysia in December.
• Net profit figure is 20% above expectations set at the Company’s float last year.
• Accounting policy changed to provide clearer financial information and comparisons
• Revenues for the year were A$19.7m* (after taking into account the change in accounting policy).
• Cash balance was A$7.1m and Net Debt was A$4.9m at year end (2005: A$1.6m and A$5.0m respectively)*.
• Earnings per share of 3.06 cents (A$)*
• Proposed maiden final dividend of 1.36 cents (A$) per share* (44% payout ratio).
• Directors confident of further progress in the year ahead.
*2005 comparables have not been used as this year reflects only two months trading of the core business
Simon Loh, Managing Director of EPY, commented:
“We have made excellent progress during the period under review which has been driven by strong organic growth in our core markets. During the year ahead, we will continue to build on our leading position as South East Asia’s largest prepaid mobile reload and electronic payment solutions providers.”