Speedel Holding Ltd. (SWX: SPPN) today announced financial results for the three months ending 31 March 2008.
Financial Highlights
- CHF 2.2 million recognised as estimated revenues for Q1 2008 from sales of SPP100/Aliskiren (Tekturna/Rasilez®)[1][1] by Novartis
- Reduced operating expenses: CHF 14.1 million in Q1 2008
- Liquid assets of CHF 94.5 million as of 31 March 2008
Konrad P. Wirz, Chief Financial Officer, commented: "We are pleased to note that SPP100/Aliskiren (Tekturna/Rasilez®)[1] sales grew substantially over the last two quarters. Due to the U.S. Dollar exchange rates our corresponding revenues in CHF do not entirely reflect the increase
Financial Highlights
- CHF 2.2 million recognised as estimated revenues for Q1 2008 from sales of SPP100/Aliskiren (Tekturna/Rasilez®)[1][1] by Novartis
- Reduced operating expenses: CHF 14.1 million in Q1 2008
- Liquid assets of CHF 94.5 million as of 31 March 2008
Konrad P. Wirz, Chief Financial Officer, commented: "We are pleased to note that SPP100/Aliskiren (Tekturna/Rasilez®)[1] sales grew substantially over the last two quarters. Due to the U.S. Dollar exchange rates our corresponding revenues in CHF do not entirely reflect the increase
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