Are you sure?

Phylaxia Pharma slips into red

Phylaxia Pharma Rt, a maker of veterinary medicine, premixes and fertilizers, had losses of Ft 59.88 million in the first half of 2005, compared to profit of Ft 1.23 million in the same period last year, according to the company's consolidated H1 report, prepared with Hungarian Accounting Standards and published at the weekend. Phylaxia Pharma had first-half revenue of Ft 337.6 million, down 25% yr/yr. Phylaxia Pharma blamed the deteriorating performance on the contracting Hungarian market and the ban of some of its products since Hungary joined the EU in May 2004. (Econews)