8°c Overcast
2°c Variable cloudiness
The Canadian Press - ONLINE EDITION
Bioniche Q2 net loss increases to $4.3M as revenue falls almost $3M
BELLEVILLE, Ont. - Bioniche Life Sciences Inc. (TSX:BNC) has reported a big increase in its fiscal 2012 second-quarter net loss amid sharply reduced revenues for the period.
The Ontario-based developer and manufacturer of products for both the human and animal health markets worldwide said it lost $4.3 million or four cents per diluted share in the three months ended Dec. 31.
That compared with a net loss of $2.6 million or three cents per diluted share in the same 2010 period.
Revenue for the three months ended Dec. 31. was $8.1 million down from $11 million in the prior-year quarter when the company reported $4 million in non-recurring licensing fees.
Sales revenue in the most recent period was $7.4 million, up from $6.1 million the previous year, while revenue from research collaborations was down slightly at $767,000 from $854,000.
"We are pleased to see the increase in sales revenues related to our animal health products in the second quarter as compared to the same period last year, as well as on a year-to-date basis," said Graeme McRae, chairman, president and chief executive.
"This reflects double-digit increases in sales of key products in Australia and South America and stabilizing sales in North America and Europe, notwithstanding a stronger Canadian dollar," McRae said, adding that the company's reproductive franchise continues to be an important part of its business focus.
More Business
- Back to Top
- Return to Business
Poll
Proudly brought to you by:
Most Popular Business
- Forest fire forces closure of gold mine in Timmins area
- Jets boost TSN Radio, CJOB takes hit
- RIM stock falls as BlackBerry maker's global sales head quits
- Proud to be a tortoise: Great-West takes it slow and steady
- City seen as ideal rail hub for Canada, Mexico trade
- Astral sale OK'd, CEO pay nixed
- 50 highest-paid CEOs in AP survey
- Compensation due in shaky Facebook IPO, source says
- Touch of Paris in crepe eatery on Esplanade
- Canadian dollar moves lower for eighth session, commodity prices advance
- Manitoba gets first female land surveyor
- Big week for Facebook's Zuckerberg: From IPO opening bells to wedding bells
- Tempers flare on CP picket line on McPhillips Street
- Committee pitches 9-6 Sunday shopping
- Investment fraudster gets 10 years
- Forest fire forces closure of gold mine in Timmins area
- Canadian Pacific workers give 72 hour strike notice as negotiations continue
- Jets boost TSN Radio, CJOB takes hit
- New crepe eatery to be unveiled for Esplanade
- Manitoba Movers
- Boston Pizza franchise mushrooming locally
- Hecla resort finally gets offer
- Manitoba gets first female land surveyor
- Major CWB layoffs underway
- Big week for Facebook's Zuckerberg: From IPO opening bells to wedding bells
- WestJet eyes new routes, seat plans
- No such thing as a bad job, Flaherty tells picky unemployed workers
- Canadian credit card system of fees 'perverse,' raises prices: Competition Bureau
- What happens if Greece leaves the euro zone?
- Ford's outbursts tarnishing Toronto's image, experts warn in wake of latest feud
- Shoppers Drug Mart signs agreement to buy pharmacies from Paragon
- CRTC awards licence for new Calgary FM radio station, The PEAK
- Catalyst Paper says it did not get enough approval for restructuring plan
- Royal Caribbean sending 2 cruise liners to China, says they will be Asia's largest
- Proud to be a tortoise: Great-West takes it slow and steady
- Rush of ageism to beat new law
- Cost of federal payouts hits $2B
- New EI rules take aim at frequent users, force workers to accept lower pay
- Jets boost TSN Radio, CJOB takes hit
- Dorel foresees juvenile sales growth opportunities from Target arrival in Canada
- Shoppers Drug Mart signs agreement to buy pharmacies from Paragon
- Avoid merger mess Include HR professionals in preparing for change
- Manitoba gets first female land surveyor
- Catalyst Paper says it did not get enough approval for restructuring plan
- Women honoured at awards dinner
- Long haul 'family' Every employee is a spoke in the wheel at Bison Transport
- Snowbirds, Americans living in Canada read on...
- Walmart Canada to slash prices further to take on discount competition
- Manitoba Movers
- Toronto investment company buys three blocks for $100M
- Loss is New Flyer's gain
- Empty inside
- Major CWB layoffs underway
- Shoppers Drug Mart signs agreement to buy pharmacies from Paragon
- Snowbirds, Americans living in Canada read on...
- James E. Marker, inventor of Cheezies, dies in Belleville, Ont., at age 90
- Pershing Square gaining ground in Canadian Pacific proxy battle, poll suggests
- Hecla resort finally gets offer
- Avoid merger mess Include HR professionals in preparing for change
- Manitoba gets first female land surveyor
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010; View the changes. New to commenting? Check out our Frequently Asked Questions.