27 September 2004
Interim Results for the six months ended 30 June 2004
Futura Medical plc, the pharmaceutical and medical device group that develops innovative products for the sexual healthcare market, announces its Interim Results for the six months ended 30 June 2004.
Highlights
- Product development programme delivering positive results
- £2.5 million, after costs, raised by exercise of call option and by joint placing
- Operating loss £720k (£966k for six months ended 31 July 2003)
- Pre-tax loss £644k (£946k for six months ended 31 July 2003)
- Loss per share 1.2p (2.1p for six months ended 31 July 2003)
- Approximately £4.3m of cash at 30 June 2004
Commenting on the results, James Barder, Chief Executive, said: “We continue to make solid progress with our product development and believe we have sufficient financial resources to complete the development of our lead products which remains our absolute priority.”