GETECH Group Sees 2H Operating Profit, FY Loss

LONDON (Dow Jones)--GETECH Group PLC (GTC.LN), a geosciences business specialising in the provision of data, studies and interpretation services to the oil, gas and mining exploration sectors, said Thursday that the second half of its current financial year to July 31, 2010 has shown a continuation of the trend towards recovery. MAIN FACTS: -Revenue is increasing and the Board believes that the results will show an operating profit for this period. -However, the loss in the first half year will not be recovered and the year as a whole will still show a deficit. -Shares closed Wednesday at 17.5 pence. -By Tommy Stubbington, Dow Jones Newswires; 44-20-7842-9268; tommy.stubbington@dowjones.com (END) Dow Jones Newswires July 29, 2010 02:47 ET (06:47 GMT) Getech Grp