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* Q2 EPS $0.02 vs loss $0.22/shr yr ago
* Q2 revenue up more than 5 times
Aug 5 (Reuters) - Canada's Epsilon Energy Ltd (EPS.TO) posted a quarterly profit as cost of operations fell. For the second quarter, the oil and gas explorer reported a net income of $990,000, or 2 cents a share, compared with a net loss of $10.8 million, or 22 cents a share, a year earlier.
Epsilon, which has gas assets in North America and Africa, said its quarterly revenue rose more than five times to $3.9 million.
The company's cost of operations for the quarter fell to $2.9 million from $4.3 million, a year ago.
Shares of the Concord, Ontario-based company closed at C$2.58 Thursday on the Toronto Stock Exchange. (Reporting by Koustav Samanta in Bangalore; Editing by Vyas Mohan)