Brief: Paion H1 net loss narrows to 5.8 million euros

PAION AG

09/08/2017 06:30

Aug 9 (Reuters) - PAION AG  PA8G.DE : 
    * IN FIRST HALF-YEAR 2017, REVENUES WERE EUR 4.1 MILLION 
    * NET LOSS FOR FIRST HALF-YEAR 2017 WAS EUR 5.8 MILLION 
COMPARED TO A NET LOSS OF EUR 13.2 MILLION IN PRIOR-YEAR PERIOD 
    * H1 RESEARCH AND DEVELOPMENT EXPENSES AMOUNTED TO EUR 9.9 
MILLION, A DECREASE OF EUR 2.2 MILLION COMPARED TO FIRST 
HALF-YEAR 2016 
    * IN 2017, PAION EXPECTS REVENUES OF APPROXIMATELY EUR 5.8 
MILLION 
    * FY NET LOSS IS EXPECTED TO BE BETWEEN EUR 12 MILLION AND 
EUR 14 MILLION, A DECREASE COMPARED TO PRIOR YEAR (2016: EUR 
20.1 MILLION) 
 
Source text for Eikon:  ID:nEQ35CP4Ca  
Further company coverage:  PA8G.DE  
 
 (Gdynia Newsroom) 
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