Monday, February 27, 2017 11:24:43 AM
Groupe Athena, Inc. Posts 2nd Quarter Results
http://finance.yahoo.com/news/groupe-athena-inc-posts-2nd-140000144.html
MUMBAI, INDIA / ACCESSWIRE / February 21, 2017 / Groupe Athena, Inc. (OTC PINK: GATA) today announced revenues of $15,786,289 for the period ending December 31, 2016. Operating income before Depreciation and Amortization was $2,002,455 and reflects a Research and Development charge of $289,631. Net income for the period was $1,587,423, or $.03 per share.
The Indian pharmaceutical industry is increasingly focusing on exports to the United States and GATA is well positioned to help them get their products approved by the FDA for sales in the US. All of these are potential clients and the Company believes it has an advantage over competitors due to the facilities based in India, and their ability to deliver quick feedback to clients that could result in expedited order generation.
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