Fermentalg Reports Audited Earnings Results for the Year Ended December 31, 2016
Fermentalg reported audited earnings results for the year ended December 31, 2016. For the period, the company’s revenue was €137,000 against €479,000 a year ago. Operating loss was €7,700,000 against €5,836,000 a year ago. Consolidated net loss was €7,570,000 against €5,295,000 a year ago. Net loss (group share) was €7,559,000 against €5,288,000 a year ago. Diluted net loss per share was €0.62 against €0.43 a year ago. Net cash flow used in operations was €3,469,000 against €3,805,000 a year ago. Acquisitions of other tangible and intangible assets were €6,849,000 against €8,407,000 a year ago.