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20 September 2004
Interim Report and Accounts for the six months ended 30 June 2004
Cyprotex PLC, a drug discovery technology and information company, today reports its interim results for the six months ended 30 June 2004.
Highlights
- Turnover up by 140% at £886,000 (£369,000)
- Gross profit 185% higher at £734,000 (£257,000)
- Pre-tax loss over 22% lower at £832,000 (£1.08 million)
- Placing of £2.94 million (net of expenses) at beginning of period leaves cash balances at £2.7 million (£868,000)
- Customer portfolio expanded to 25 major companies including revenue generating contracts with Roche, AstraZeneca, Altana and Solvay
- Contractual discussions well advanced with further blue-chip pharmaceutical and biotechnology companies.
Commenting on the results, Robert Atwater, Chairman of Cyprotex PLC, said:
"Cyprotex has established a unique position in the world of drug discovery, and with our innovative approach and focus on further improving operational efficiencies remaining the same, management is now confident of achieving the financial goals it set itself at the start of 2004."
Download Cyprotex Interim Report and Accounts
For further information:
Robert Morrisson Atwater, Chief Executive Officer
Cyprotex plc
Tel: +44 (0) 1625 505100
rmatwater@cyprotex.com
www.cyprotex.com
Media Enquires:
Henry Harrison-Topham / Heather Salmond
Abchurch Communications
Tel: +44 (0) 20 7398 7700
heather.salmond@abchurch-group.com
www.abchurch-group.com
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