News Archive
Interim Results for the six months to 30th June 2006
Eden Research plc (OFEX: EDE), a leading UK agrochemical development company, today announces its interim results for six months ended 30 th June 2006. Eden‘s strategy is focused on the development and commercialisation of terpene-based technology for agricultural use.
Business Highlights
- Substantial development with fieldwork trials in Europe and US
- Partnership development programme progressing well
- Further products anticipated over coming months following recent formulation work and screening activities
Financial Highlights
- Loss for the period of £1,180,000, in line with the company’s expectations
- Turnover for the period of £103,000 (2005: £Nil) - derived from initial fees from the licensing agreements announced in the first half of 2006
- Administrative expenses £638,000 (2005: £620,000)
Tim Griffiths , Eden’s Chief Executive said:
“We continue to progress our products towards commercialisation and in doing so our ongoing focus is two-fold.
- To concentrate on clearing the regulatory hurdles to bring our lead product to market; and
- To continue to identify new products and commercial opportunities.
“Our technology continues to attract strong interest from commercial partners, and we see this as being the most viable way to successfully achieve commercialisation of our developments.
“Further products should emerge over the next few months as a result of recent formulation work and screening activities.
“The wide interest in our technology is exciting, and we look forward with confidence to the future.”
The full results are available to download in PDF format.
For further information:
| Tim Griffiths, Chief Executive | Eden Research plc | Tel: 01993 868844 |
| Jonathon Brill /Caroline Stewart | Financial Dynamics | Tel: 020 7831 3113 |