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Article: BELMAC REPORTS FIRST QUARTER RESULTS
- Article from:
- PR Newswire
- Article date:
- November 6, 1992
CopyrightCOPYRIGHT 1992 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BELMAC REPORTS FIRST QUARTER RESULTS
TAMPA, Fla., Nov. 6 /PRNewswire/ -- Belmac Corporation (AMEX: BLM)
reported its results of operations for the first quarter of the fiscal year ending June 30, 1993. Revenues increased to $4,775,000 from $602,000 for the same quarter last year. The company's net loss for the quarter was $3,378,000 (31 cents per share) compared to a net loss of $1,382,000 (18 cents per share) for the same period last year. The net loss for the quarter was primarily attributable to costs of marketing the company's early stage pharmaceutical products in Europe during a traditionally slow season for antibiotics and research ...