Sanochemia Stays in the Red

CompaniesHealth Care ♦ Published: January 28, 2011; 09:34 ♦ (Vindobona)

Despite improvements in its financial data, the Austrian pharmaceutical company Sanochemia does not succeed in eliminating its losses

Sanochemia Stays in the Red / Picture: ©

Sanochemia Pharmaceuticals AG announced today the final figures for the financial year 2009/10. The group achieved sales amounting to € 27.1m, which turned out somewhat lower due to the abandoning of low-margin sales (2009: € 29.53bn), but the profits in this financial year were well above the previous one.

The EBITDA at € 2.66m is well above the previous year's result…