Carbios reduced its operating loss by âĴ319,000 compared with the first half of 2013, to a loss of âĴ1,630,000. The operating revenue amounted to âĴ299,000 compared with âĴ423,000 to 30 June 2013, and came mainly from subsidies provided by BPI France on achievement of each key stage of the ThanaplastT collaborative programme. Carbios finalised the second key stage of the project on schedule, confirming the effectiveness and potential of the bioprocesses developed by the company.
During the first half of 2014, the Company’s efforts were focused in particular on the investments needed to set up the technological platform at the Saint-Beauzire site. In line with the schedule set up with BPI France under the OSEO-ISI project, the Company bore âĴ1,310,000 of research and development expense in the first half to progress the ThanaplastTM project, compared with âĴ1,917,000 to 30 June 2013.
After recognising tax income of âĴ582,000 in research tax credit (CIR), the net loss for the first half of 2014 amounted to âĴ1,016,000 compared with a loss of âĴ1,079,000 in the first half of 2013. At 30 June 2014, the company had 9 employees, mainly consisting of researchers.
