Brief: Paion H1 Net Result Turns To Profit Of EUR 0.6 Million

PAION AG

07/08/2019 06:36

Aug 7 (Reuters) - Paion AG  PA8G.DE :
    * CASH AND CASH EQUIVALENTS OF EUR 19.2 MILLION AS OF 30
JUNE 2019
    * REVENUES IN FIRST HALF-YEAR 2019 AMOUNTED TO EUR 7.5
MILLION
    * NET INCOME FOR FIRST HALF-YEAR 2019 AMOUNTED TO EUR 0.6
MILLION
COMPARED TO A NET LOSS OF EUR 6.2 MILLION IN PRIOR-YEAR PERIOD.
    * EXPECTS REVENUES OF ABOUT EUR 8 MILLION IN 2019
    * NET LOSS IS EXPECTED TO AMOUNT TO BETWEEN APPROX. EUR 7
MILLION
AND APPROX. EUR 10 MILLION IN 2019.

Source text for Eikon:  ID:nEQ5MXZ8Pa 
Further company coverage:  PA8G.DE 

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