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Biotech / Medical : HELIX BIOPHARMA (HBP:TSE)

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To: trustmanic who wrote (26)4/28/1997 8:22:00 AM
From: burner   of 193
 
Helix Biopharma Corp HBP
Shares issued 13,743,415 Apr 25 close $1.00
Mon 28 Apr 97 Financial Statements

STATEMENT OF EARNINGS
Six months ended January 31

1997 1996

Revenue $ 3,918,605 $ 3,897,551
----------- -----------
Expenses

Marketing and
administration 2,375,956 1,318,637

Amortization 109,207 80,487

Interest and
bank charges,
net (87,219) (9,172)

Interest on
long term debt 14,577 24,641

Royalties 167,646 94,916

Production 2,174,855 1,998,842

Rent 58,759 50,022
----------- -----------
4,813,781 3,558,373
----------- -----------
Earnings (loss)
before the
undernoted) (895,175) 339,178
----------- -----------
Research and
development 399,200 192,832

Investment tax
credits and
grants - 21,721

Gain on sale of
capital assets - (1,918)
----------- -----------
399,200 212,635
----------- -----------
Earnings (loss)
before income
taxes (1,294,375) 126,543

Income taxes - 1,058
----------- -----------
Net earnings
(loss) $(1,294,375) $ 125,485
=========== ===========

(c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com
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