March 20, 2020 / 7:14 AM / in 12 days

BRIEF-BBS FY Net Result Swings To Loss EUR 1.6 Mln

March 20 (Reuters) - BBS-Bioactive Bone Substitutes Oyj :

* REG-BBS-BIOACTIVE BONE SUBSTITUTES PLC: FINANCIAL STATEMENTS REVIEW 1.1.-31.12.2019 (UNAUDITED)

* IN 2020 NO SUBSTANTIAL TURNOVER IS EXPECTED

* MEDIUM-TERM OBJECTIVES ARE TO GENERATE SIGNIFICANT REVENUE GROWTH AS A RESULT OF A TWO-YEAR MARKETING PERIOD

* MEDIUM TERM OBJECTIVE; TO BECOME PROFITABLE AFTER 4 YEARS

* FY NET LOSS EUR 1.6 MILLION VERSUS PROFIT EUR 379,000 YEAR AGO Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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