Brief: BRAIN H1 EBITDA Loss Narrows To EUR 0.9 Million

BRAIN Biotech AG

29/05/2020 07:40

May 29 (Reuters) - BRAIN BIOTECHNOLOGY RESEARCH AND
INFORMATION NETWORK AG  BNNn.DE :
    * H1 REVENUES OF EUR 19.9 MILLION IN REPORTING PERIOD FROM
OCTOBER
1, 2019 TO MARCH 31, 2020, COMPARED TO EUR 18.5 MILLION IN SAME
PERIOD LAST YEAR
    * H1 EBITDA IMPROVED BY 50.5% FROM EUR -1.8 MILLION IN
PREVIOUS
YEAR TO EUR -0.9 MILLION IN FIRST SIX MONTHS OF 2019/20
FINANCIAL YEAR
    * DESPITE FORECASTED SIGNIFICANTLY NEGATIVE EFFECTS OF
CORONA
PANDEMIC ON GLOBAL ECONOMIC GROWTH, BRAIN AG IS CONFIDENT THAT
IT WILL BE ABLE TO CONTINUE ITS SIGNIFICANT GROWTH WITHIN
FORECASTED RANGE

Source text for Eikon:  ID:nEQ4Y2hsGa 
Further company coverage:  BNNn.DE 

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