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Scantech (ASX:SCD) forecasts 90% decline in FY10 profit

Scantech (ASX:SCD) forecasts 90% decline in FY10 profit

Mining technology developer Scantech (ASX:SCD) has forecast a 90% decline in FY10 profit to $236,000.

Sales fell 16.6% to $13.1 million, according to unaudited results issued ahead of the official release of Scantech's full year results on August 31.

Profit was impacted by this decline in sales, as well as a $404,000 loss for exchange variance.

SCD shares are today trading unchanged at $0.210.

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Tags ICTScantechASX:SCDfinancial resultsmining

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