Wednesday, May 22, 2013

Lereno Bio-chem

Lereno Bio-chem: Group reported 4QFY13 results with a loss of $403k, taking its full year net loss to $1.6m, a 16% improvement from FY12 loss of $2.0m. 4Q13 revenues of $16k brings full year revenues to $23k, declining 86% from FY12. The group has stated that its still in the midst of exploring new opportunities to acquire new assets/ businesses; as well as being supported financially by one of the group's substantial shareholder for FY14.

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