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Biorem Reports 2014 Second Quarter Results
Date:8/22/2014

GUELPH, ON, Aug. 22, 2014 /PRNewswire/ - BIOREM Inc. (TSXV: BRM) ("Biorem" or "the Company") today announced results for the three month and six month periods ended June 30, 2014.  Biorem's complete 2014 second quarter financial statements and MD&A have been filed on SEDAR (www.sedar.com).

Financial Summary:Three-months ended

June 30,

Six-months ended

June 30,( in CDN$'000 except per share data)

2014

2013

2014

2013Revenue

2,459

5,010

4,433

9,195Gross profit

56

1,485

385

2,585Ebitda*

(623)

507

(965)

740Net earnings (loss)

(835)

254

(1,366)

223Basic earnings (loss) per share

Diluted earnings (loss) per share

(0.06)

(0.06)

0.02

 0.01

(0.11)

(0.11)

  0.02

  0.01*Earnings before interest, taxes and amortization, a non IFRS financial measure 

Revenues for the quarter totaled $2,459,000, a 25% increase over revenues of $1,974,000 recorded during the first quarter of 2014 and a $2,550,000 or 51% decrease over revenues recorded during the second
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SOURCE Biorem Inc.
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