I still keep looking at these very healthy financial trends.
2010 2009
Total Debt $516,717(Reduction) 616,242
Cash $1,796,406 (Increase) 761,490
Additional Revenue to come on stream.
DataDot Technology Limited (ASX: DDT) is pleased to announce that its joint
venture DataTraceDNA Pty. Ltd. (DataTrace P/L) has been selected by a world
leading European pharmaceutical company to authenticate the entire production
volume of one of its most successful drug products.
A five year contract has now been signed by both parties. Final production testing is
underway in Europe currently with full implementation expected before the end of
2010.
Fair Assumptions.
1. Debt reduction should decrease due to funds have already been spent on manufacturing efficiencies.
2. Cash will increase due to increased revenue from new deal.
Result.
SP increase.
I still keep looking at these very healthy financial trends....
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