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Phylaxia 1912 Holding to report 2011 losses of HUF 5.16 bln to shareholders

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Hungarian veterinary-drug company Phylaxia 1912 Holding announced on Monday evening that it will report consolidated 2011 losses of HUF 5.16 billion at the company's March 20 AGM.

The company reported net losses of HUF 645 million in the first half of the year. 

Phylaxia said that it had consolidated total assets of HUF 3.64 billion at the end of 2011. The figure is sharply down from total assets of HUF 7.88 billion on June 30, 2011.

Unconsolidated net losses totaled HUF 4.94 billion last year and unconsolidated total assets stood at HUF 2.62 billion at the end of 2011.

The company noted that the data is unaudited and therefore subject to change.

Phylaxia is a B-category issuer at the Budapest Stock Exchange.

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