By a GenomeWeb staff reporter

NEW YORK (GenomeWeb News) – Genetic Technologies released preliminary financial results this week and said that it will report a net profit after tax of A$4.3 million (US$4.3 million) for the half-year ended Dec. 31. The Australian genomic tools firm said that its half-year revenues were more than A$14.2 million, compared to A$5 million for the first half of 2009. In addition, genetic Technologies noted that its cash reserves were around A$8.4 million at the end of the period.

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