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 kg lhtf wdijuver lpmle wrpmiylapww."
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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 kg lhtf wdijuver lpmle wrpmiylapww."
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