LONDON (ShareCast) - Orange plantation owner Asian Citrus said profit has increased satisfactorily in the year with dividends increasing by 9.7%.

Turnover for the year to June came in at RMB479.7m (Chinese yuan) compared with RMB404.6m before, with underlying profit up 23.6% to RMB403.3m.

“The profit has increased satisfactorily this year and the group has made good progress in diversifying its sales channels not only by securing more supplier contracts with supermarkets but also recently through expanding its exposure to provinces within China outside the Guangxi area,” said the group.

Dividend per share increased to RMB0.68 from RMB0.62 before.

Content management software provider Geong International has signed five contracts in the fast growing Chinese banking and finance sector worth $1.27m.

"These contract wins represent our entry into this larger market and highlight the opportunity available to us through the experience we have gained working with some of China's largest financial institutions," said the group.

Advanced video surveillance systems firm Coe Group narrowed full-year losses and said its cash position significantly strengthened.

Losses decreased by 54% to £0.6m, helped by the £0.4m profit from the sale of the company's freehold headquarters. Turnover came in flat at £4m on year end net cash of £0.9m compared to net debt of £2.1m.

“Market demand continues to increase for surveillance systems for counter-terrorism, crime prevention and traffic efficiency and the directors are optimistic that the group is increasingly well positioned in these exciting markets,” said chairman Stephen Allott.

Speciality pharmaceutical group Meldex, formerly known as Bioprogress, has expanded into the German market with the launch of Dexo Germany.

The group also announced that it has commenced a long term manufacturing agreement with a large undisclosed party for XGELTM film.

The contract has forecasted annual revenue of $5-6m which has commenced immediately.

Regenesis said its shares have been suspended and will only be restored if it can prove that it complies with AIM Rule 15.

AIM Rule 15 requires that the company has to implement the investing strategy approved by shareholders to the satisfaction of the London Stock Exchange.

“An insufficient proportion of the committed loans was drawn down by close of business on 15 October 2007 to fulfil the requirements of AIM Rule 15 and, accordingly, trading in Regenesis' shares on AIM was suspended from the start of business today,” said the group.

Bioscience company Abcam announced that it has secured marketing rights to a further 2,700 antibodies, which will be sold under its brand.

"Details of the financial terms of this agreement, and the identity of the antibody manufacturer, are confidential although it is expected that the relationship has the potential to create significant value going forwards," said the group.

Miner Albidon said Byrnecut has been engaged as a mining contractor to expedite underground mine development at Albidon's Munali Nickel Project, which is expected to reach initial production in mid 2008.

Gold company Hidefield Gold said it has contracted a drilling firm to carry out an 8,000 metre Phase III drilling programme at its Don Nicolás gold project in Santa Cruz Province, Argentina.

• News Channel