Sydney - Tuesday - November 30: (RWE Australian Business News) -...

Sydney - Tuesday - November 30: (RWE Australian Business News) -
Virotec International Ltd expected to report "a substantial profit" this
year, based on the sale of its Hydrodec Technology to Vert-eco Group,
which had boosted Virotec's immediate cash reserves by about $2.4
million, chairman Mr Brian Sheeran told the annual meeting in London,
connected via a live video conference link to Brisbane last night.
"Furthermore, we have retained a substantial equity position in
the new publicly listed company, which will be solely focused on
actively advancing the HydroDec business," he added.
Mr Sheeran said Virotec's Bauxsol technology range of
environmental solutions was gaining momentum in the marketplace and this
was reflected in increased revenues:
* 57pc increase in average monthly revenues for the 2005
financial year to date over the year ended June 30 2004; and
* 144pc increase in average monthly sales for the 2004
financial year over the year ended June 30.
Virotec shares rose 2c to 54c yesterday.