On Thursday, Shares of Aeterna Zentaris Inc. (NASDAQ:AEZS), surged 8.16% to $0.18, hitting its lowest level.
Aeterna Zentaris stated financial and operating results as at and for the second quarter ended June 30, 2015 .
Second Quarter Financial Highlights
- Research and development (“R&D”) costs were $4.5 million for the three-month period ended June 30, 2015 , as contrast to $5.5 million for the same period in 2014. A substantial portion of this decrease is mainly due to the realization of cost savings in connection with the Company’s global resource optimization program in addition to to the weakening, in 2015, of the EUR against the US dollar. The decrease was partly compensated by higher third‑party costs associated with the Company’s ZoptEC Phase 3 trial in endometrial cancer.
- Selling expenses were $1.7 million for the three-month period ended June 30, 2015 , as contrast to $0.5 million for the same period in 2014. This enhance is mainly attributable to the Company’s implementation of its sales force and the related promotional activities associated with EstroGel® in the last quarter of 2014. More specifically, about $1.0 million of the Company’s selling expenses represented raised costs associated with the Company’s contracted sales force and in-house sales and marketing staff.
- Net finance costs were $7.2 million for the three-month period ended June 30, 2015 , as contrast to net financial income of $3.2 million for the same period in 2014. The enhance in net finance costs of $10.4 million is mainly related to the change in the estimated fair value of the Company’s warrant liability.
Aeterna Zentaris Inc., a specialty biopharmaceutical company, engages in developing and commercializing novel treatments in oncology, endocrinology, and women’s health.
Shares of News Corporation (NASDAQ:NWSA), inclined 7.58% to $15.19, during its last trading session.
News Corporation stated financial results for the three months and fiscal year ended June 30, 2015.
FULL YEAR RESULTS
The Company stated fiscal 2015 full year total revenues of $8.63 billion, a 1% enhance as contrast to the preceding year revenues of $8.57 billion. The enhance reflects growth in the Book Publishing and Digital Real Estate Services segments, primarily as a result of the acquisitions of Harlequin Enterprises Limited and Move, Inc. (“Move”), respectively, which was partially offset by adverse foreign currency fluctuations and lower advertising revenues at the News and Information Services segment.
The Company stated full year Total Segment EBITDA of $852 million, an 11% enhance as contrast to $770 million in the preceding year. These results comprise $50 million in fees and costs in fiscal 2015 and $72 million in fiscal 2014 – net of indemnification – related to the U.K. Newspaper Matters. The improvement was driven by raised revenues in the Book Publishing segment due to the inclusion of Harlequin results and lower expenses, mainly due to the raised capitalization of software development costs, at the Digital Education segment; partially offset by adverse foreign currency fluctuations, declines at the News and Information Services segment, which comprises higher legal costs at News America Marketing, and stock-based compensation expense in connection to the acquisition of Move.
News Corporation, a media and information services company, focuses on creating and distributing authoritative and engaging content to consumers and businesses worldwide.
Finally, Eldorado Gold Corporation (NYSE:EGO), ended its last trade with -5.98% loss, and closed at $3.81.
Eldorado Gold Corporation declared that the Council of State, Greece’s Supreme Court on administrative and environmental matters, has issued two court decisions pertaining to Hellas Gold S.A., a partner of Eldorado in Greece. The two decisions, both in favour of Hellas Gold, are related to forestry land and site clearing rights at the Company’s Skouries gold-copper project in Halkidiki, Northern Greece.
Paul Wright, Chief Executive Officer of Eldorado, commented: “The decisions of the Council of State confirm once more the legality of our activities in northern Greece. This will allow Eldorado to accelerate construction activities at our Skouries Project in Halkidiki, generating additional long-term employment opportunities for the Greek people and taxes to the Greek government. Mining is one of the industries that can assist kick-start the Greek economy and support the starting of a recovery.”
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania. It also explores for iron, silver, lead, zinc, and copper ores.
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