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Finance
Biopharmaceutical company reports limited strong revenue growth for FY 2004
September 27th, 2004
The directors of SciGen Limited released the company's full-year financial result for fiscal year (FY) 2004. The company reported a net loss of $4.31 million, an improvement of 12% over previous year, and a revenue increase of 79% from prior year to $6.48 million. Cash receipts from are up 173% from prior year to $5.4 million, net cashflow from operating activities has improved by $2.37 million or 34% over the prior year, and cash in the bank bank at the end of the period was $9.56 million. Progress on product development and marketing include the launch of recombinant human insulin (SciLin) in Vietnam, sales of recombinant human...
Source: Diabetes Week (2004-09-27)
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