24th Oct 2013 10:06
LONDON (Alliance News) - GETECH Group PLC Thursday said it will book gross income of USD864,000 from a further sale from its data library.
The company, which specializes in providing exploration data and geological exploration studies, said it has signed a deal to license gravity and magnetic data products, and expects to deliver them within the next three months.
"Sales from our global data library continue to be a major part of our business," Chief Executive Raymond Wolfson said in a statement. "The gravity and magnetic datasets generate direct income for the company. However, they are also the foundation for much of our value-added work and therefore underpin a large part of our other business."
GETECH shares were up 5.7% at 76.60 pence Thursday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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