BioAmber (BIOA) Tops Q1 EPS by 2c

Go back to BioAmber (BIOA) Tops Q1 EPS by 2c

BioAmber Reports Second Quarter 2016 Financial Results

August 9, 2016 4:01 PM EDT

MONTREAL, Aug. 9, 2016 /PRNewswire/ - BioAmber Inc. (NYSE: BIOA), a leader in renewable materials, today announced operational and financial results for the three months ending June 30, 2016. 

"BioAmber continues to meet ramp-up expectations at its Sarnia plant. We have made excellent progress in the plant's reliability and performance, while continuing to increase production levels and drive down unit costs," said Jean-Francois Huc, BioAmber's Chief Executive Officer.   "Second quarter sales were on track, generating a 73% increase in sales over Q1, while Q2 operations improved throughout the quarter, culminating in a June uptime... More