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read moreBill Express revenue and profits up sharply
Stan Beer
Sunday, 11 September 2005 09:24
Bill payments network provider, Bill Express (ASX:BXP) reported a sharp increase in both revenues and net profit in its debut listing year.
Bill Express revenue and net profit after tax for 2005 were both up 54% on the previous year, with the company posting revenues of $482.5 million and earnings of $6.574 million. The company now has more than 3,000 bill payment terminals in newsagents throughout Australia, with 214 billers subscribing to its program.
BXP shares closed up 1c to finish on 31c in a day of very heavy trading.
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