sector: Healthcare ·
industry: Biotechnology ·
Genetic Technologies Limited (GTG) is a life science company, specializing in the fields of genetics and genomics. The Company’s principal activities include the provision of genetic testing services and canine reproductive services. The Company also conducts out-licensing of its intellectual property relating to non-coding deoxyribonucleic acid (DNA), and research and development in the areas of genetics and related fields. The Company operates in four segments: operations, which involves the provision of a range of genetic testing and canine reproductive services; licensing, which involves the out-licensing of non-coding technology; research, which involves the undertaking of a range of research and development projects in the field of genetics and related areas, and corporate, which involves the management of the Company’s corporate activities. On August 27, 2008, GTG sold its entire interest in the North Laverton Joint Venture to its partner, Regis Resources Limited.
BRIEF: For the year ended 30 June 2009, Genetic Technologies Limited's revenues decreased 31% to A$12.2M. Netloss totaled to A$7.9M, up from A$5.5M. Revenues reflect a decrease in license fees received and other income. Higher loss reflects an increase in Legal and patent fees, higher administrative expenses, Presence of cost of sales, higher other expences, and also an increase in Marketing and promotion expenses.
Genetic Technologies Limited
60-66 Hanover Street
Fitzroy VIC 3065
P: +613.94151135
F: +613.94172987