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Selvita S.A.. (8/31/16). "Press Release: Selvita Shows 31% Revenue Growth in H1 2016". Kraków.

Organisation Organisation Selvita S.A. (WSE:SLV)
  Group Selvita (Group)
Products Product drug discovery services
  Product 2 drug discovery
     


Selvita, the largest drug discovery company in Central and Eastern Europe, has experienced a dynamic revenue growth in the first half of 2016. Net revenues from sales (excluding grants) amounted to PLN 22.7 MM, resulting in a 31.4% growth compared to H1 2015 when the net revenues (excl. grants) amounted to PLN 17.2 MM.

The total revenues including grants amounted to PLN 28.5 MM, as compared to PLN 24.7 MM in H1 2015, indicating a 15.5% increase.

The Group’s net profit for H1 2016 amounted to PLN 0.3 MM compared to the net profit of PLN 3.3 MM achieved in H1 2015. In the reported period, Selvita was investing intensely in its research infrastructure and international business development presence. The company has also consistently conducted research activities as part of the internal oncology programes started in previous years, most of which, in accordance with the adopted accounting policy, are directly classified as costs.

Full version of the Selvita Consolidated Quarterly Report for H1 2016 is available at: http://www.selvita.com/investor-relations/stock-market-reports/quarterly-and-annual-reports-eng

   
Record changed: 2019-04-26

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