Brief: Paion H1 Net Profit Turns To Loss Of EUR 6.1 Million

PAION AG

12/08/2020 06:44

Aug 12 (Reuters) - PAION AG  PA8G.DE :
    * REVENUES IN FIRST HALF-YEAR 2020 AMOUNTED TO KEUR 3,520
(PRIOR-YEAR PERIOD: KEUR 7,500)
    * NET LOSS FOR FIRST HALF-YEAR 2020 AMOUNTED TO KEUR 6,052
COMPARED TO A NET INCOME OF KEUR 586 IN PRIOR-YEAR PERIOD
    * EXPECTS REVENUES OF ABOUT EUR 20 MILLION IN 2020, THEREOF
EUR 15
MILLION FROM COSMO FOR MARKET APPROVAL OF REMIMAZOLAM IN U.S.
    * ROYALTIES FROM COMMERCIALIZATION OF REMIMAZOLAM IN U.S.,
JAPAN
AND CHINA ARE EXPECTED TO BE LESS THAN EUR 1 MILLION IN TOTAL IN
2020
    * NET RESULT IS EXPECTED TO AMOUNT TO BETWEEN APPROXIMATELY
EUR
0.5 MILLION AND APPROXIMATELY EUR 4 MILLION IN 2020

Source text for Eikon:  ID:nEQ994GqJa 
Further company coverage:  PA8G.DE 

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