Selvita demonstrates strong 1st-half 2017 revenue growth
Polish biotech firm Selvita (PL: SLV) saw its share price rise 6.46% to 51.39 zlotys on Friday, when it published semi-annual financial results.
In the first half of 2017 the Selvita Group recognized total operating revenues (including grants) of 59.7 million zlotys($17 million), which means a 109% increase compared to the like 2016 period when the operating revenues amounted to 28.5 million zlotys.
Group’s net profit amounted to 8.8 million zlotys versus 300,000 zlotys in first-half 2016.
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