Sydney - Wednesday - May 3: (RWE Aust Business News) - E-pay Asia Ltd (ASX:EPY) has revised its 2006 earnings guidance upward by 20 per cent to $6 million from its forecast of $5 million provided in the prospectus issued in December 2005. New revenue streams are expected in the future including a prepaid mobile top up system for Chinese markets. Total prepaid sales were 22 million mobile top up transactions in the March quarter, up 76pc from 2005 Q1. The retail distribution network reached 10,000 Terminal Points of Sale up 81pc from Q105. The direct sales network expanded to 10,000 Mobile/SMS Agents in the March quarter.
EPY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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