COMPANY RESULT: APPLIED CELLULAR TECHNOLOGY INC

Applied Cellular Technology Inc has reported fourth quarter net profits up 320% at $361,000 on revenue of $12.3m up from $1.2m; net profit for the year to was up 248% at $626,000 on revenue that rose to $19.9m from $2.3m. Net per share rose 75% to $0.07 in the quarter, up 90% to $0.19 in the year.

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