House broker WH Ireland has upgraded its profit forecasts for GETECH Group.
The 2011-12 profit forecast for the geological information and services provider has been increased from £730,000 to £900,000 on the back of a $1.2m data sale in the US. The 2012-13 profit forecast has been edged up to £950,000.
Since then GETECH has announced three new sponsors for its global programmes, taking the total number to five. The global programmes last three years, so they provide steady revenues.
At 23.5p a share, GETECH is valued at £6.87m. The shares are trading on 10 times prospective 2011-12 earnings.
© 2022 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.