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SCOTTY Group Beaming Up

In AIM, stocks, technology on December 1, 2008 at 7:03 pm

SCOTTY Group has announced it has won €1 million (£830,000) of new orders.

The AIM-quoted company – which turned a £765,000 loss into £977,000 pre-tax profits in the year to June, on turnover up 42 per cent to £6.8 million – says latest orders include five maritime ‘Telemed’ packages for an onboard hospital for the German Navy, aircraft tracking kit for the German Army and emergency response equipment for the Chinese national railways.

SCOTTY shares, which have fallen sharply from their 103.75p June peak, now trade at 49p, valuing the company at £9.9 million.

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