Genesis Research and Development (AU:GEN) Announces Full Year Result
10/19/2005 5:10:01 PM
Genesis Research and Development Corporation Ltd (NZX/ASX: GEN) ended the twelve-month period to 31 December 2003 with a cash balance of $23.0 million (2002: $36.3 million). This position is in line with budget and will be supported by ongoing revenue streams that will be extended as the company secures new revenues through licensing products in the pipeline. It is expected that the cash will then be sufficient to fund current and planned research and development programmes.