In the first quarter 2004 sales increased to 87.0 MSEK (24.2). Operating costs improved significantly and amounted to 71.7 MSEK (50.0), compared to 123.7 MSEK pro forma (see table below). The operating result for the first quarter, excluding non-recurring items and goodwill, improved to -22.4 MSEK (-33.6). The result after tax was -31.2 MSEK (-30). Earnings per share amounted to -0.53 SEK (-0.86). Arbitration settled in Biotage’s favor.
