Eftpos and merchant services company SmartPay says its gross earnings have increased by more than 250%.
The company made gross earnings of $7.155 million in the year to the end of March.
It also posted its first profit, of $100,000.
SmartPay managing director Ian Bailey says while the net profit figure is modest, it's a dramatic turnaround on last year's $2.6 million loss.
Mr Bailey says the improved margins are due to a 2009 acquisition that opened the door to the Australian market.
Mr Bailey says while only 10-15% of SmartPay's revenue has come from Australia, he's expecting that to grow to more than 50% in the next few years.