EPY E-Pay Asia

    RNS Number : 7600Y
  e-pay Asia Limited
  10 July 2008
   

    ASX/AIM: EPY 



    ASX / AIM: EPY
    10 July 2008
    e-pay Asia Limited
    ("e-pay Asia" or the "Company")

    Pre-Close Trading Statement


    The Company announces its pre-close trading statement for the six months ended 30 June 2008 ("H1 2008"). The directors report good
progress in its core market in Malaysia where transaction volume for H1 2008 has remained stable.

    The Company launched a marketing campaign in Malaysia in H1 2008 which offered greater discount on its pre-paid products in Malaysia for
a limited period. Due to this campaign the total revenue for H1 2008 is expected to be in excess of AUD 4.5 million. The Directors expect to
see the impact of the marketing campaign through greater transaction volumes in second half of  2008 and in 2009.

    The Directors are pleased to report that following the rationalisation in the business put in by the management the Directors expect an
increase in the net profit attributable to shareholders of the Company of approximately 197 per cent. when compared to the same period last
year. The Directors look forward to updating the market with the Company's interim results in August.


    ENDS


     For further information, please contact:
 Yap Chih Ming       John Croft  Sarah Jacobs / Parimal Kumar
 Chief            Non-Executive  Seymour Pierce Limited 
 Financial             Chairman  London, United Kingdom
 Officer             e-pay Asia  Tel: +44 20 7107 8000
 e-pay Asia             Limited  sarahjacobs@seymourpierce.com
 Limited          Tel: +44 7785  parimalkumar@seymourpierce.com
 Tel: +6017             315 588
 229 1616          jcroft@epay-
 investor@             asia.com
 epay-asia.com

    ABOUT epay Asia Limited
       
    e-pay Asia Limited is the leading provider of electronic top up services for prepaid mobile users in South East Asia. The e-pay Asia's
electronic top up services operates in 3 countries namely Malaysia, Thailand and Pakistan with approximately 15,000 point of sales. e-pay
Asia processes more than 100 million prepaid mobile top up transactions per year.







This information is provided by RNS
The company news service from the London Stock Exchange
 
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