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GROUPE ATHENA, INC. POSTS STRONG 3RD QUARTER RESULTS
GROUPE ATHENA, INC. POSTS STRONG 3RD QUARTER RESULTS.
About this update from Ayujoy Herbals Ltd.
[{"type":"text","content":"Groupe\nAthena, Inc. (Pink sheets GATA.PK) announced today revenues of $15,162,114 for the period\nending March 31, 2016. Operating income\nbefore depreciation, amortization and taxes were $2,063,959 while net income\nincreased an impressive 52.89% compared to the corresponding period in 2015, to\n$1,640,944.\n\nTotal\nrevenues for the 9 month period this fiscal year were $59,487,887 which is well\non pace to meet or exceed the previously announced 12 month guidance. Net\nearnings for the same period were $4,773,269, approximately .10 per share.\n\nCash\nreserves in the form of short term investments and deposits are extremely\nhealthy and the Company’s backlog of orders is larger than ever and growing\nwhile long term debt remains virtually non-existent. \n\nThe\nIndian pharmaceutical industry is increasingly focusing on exports to the United States and GATA is well positioned to help\nthem get their products approved by the FDA for sales in the US. All of these exporter companies\nare potential clients and the Company believes it has an advantage over\ncompetitors due to the facilities based in India,\nand their ability to deliver quick feedback to clients that could result in\nexpedited order generation. With recent additions to equipment, the company\nwill continue to take on additional contracts and continue to anticipate\nfurther growth.\n\nAbout\nGroupe Athena, Inc.\n\nGroupe Athena, Inc. was incorporated in June 2008 and began operations on July 1 of that year. The company is a research\nand testing organization and helps various pharmaceutical and medical products\nand devices companies in India and Southeast Asia to get regulatory approvals and facilitate exports of\ntheir products to the United\n States. The Company accomplishes this\nby assisting clients from concept through development, providing consultation\non regulatory requirements, filings and processes.\n\n \n\nThe\ncompany has a research and testing facility in India that employs 22 consultants and is\nworking towards aggressively expanding its presence in the Indian\npharmaceutical industry. The Company's web address is www.groupeathena.com.\n\nTo review the complete quarterly\nreport please go to http://www.otcmarkets.com/stock/GATA/filings\nand click on “Fili...