QRSciences half year revenue grows

Security technology developer QRSciences Holdings Ltd has boosted its half yearly revenue and expects sales growth to continue over the shorter term.

QRSciences' revenue grew to $1.3 million in the December 2005 half from $375,000 in the previous corresponding period.

Chief executive Kevin Russeth said the expectation was there would be continued revenue growth in the short to mid term.

"Success for us this year will be measured in the culmination and delivery of a number of proposed sales, research contracts and licensing proposals that the company is currently progressing around the world," he said.

In November, 2005, QRSciences announced that a working trial had started with the Singaporean
Immigration and Checkpoint Authority at a major checkpoint.

QRSciences shares were 0.6 cents higher at 10 cents in mid afternoon trade.