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Pharmacosmos' revenue grows by USD 16m despite corona challenges

Investments in the US and China have affected Pharmacosmos' bottom line, but the company has increased its revenue and expects growth to continue in the new financial year.

Photo: Pharmacosmos / PR

In a previous accounting report, Pharmacosmos warned that it would probably end the year with a deficit on the bottom line, its first in 15 years -- and this prediction came true.

The company has ended its 2020/2021 financial year with a total deficit of USD 19.7m, a contrast to the USD 8m profit the company reported in its last accounting year.

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