Mumbai, India, Jan. 17, 2018 (GLOBE NEWSWIRE) --
Groupe Athena, Inc. (OTC PINK: GATA) announced today revenues of $16,364,908 for the period ending December 31, 2017, an increase of $578,619 over the same period in 2016. Operating income before Depreciation and Amortization was $2,209,240 and reflects a Research and Development charge of $312,229. Net income for the period was $1,728,859 or $.04 per share.
The Indian pharmaceutical industry is increasingly focusing on exports to the United States and GATA is well positioned to help them get their products approved by the FDA for sales in the US. All of these are potential clients and the Company believes it has an advantage over competitors due to the facilities based in India, and their ability to deliver quick feedback to clients that could result in expedited order generation. With recent additions to equipment, the company will continue to take on additional contracts and continue to anticipate further growth.
About Groupe Athena, Inc.
Groupe Athena, Inc. was incorporated in June 2008 and began operations on July 1 of that year. The company is a research and testing organization and helps various pharmaceutical and medical products and devices companies in India and Southeast Asia to get regulatory approvals and facilitate exports of their products to the United States. The Company accomplishes this by assisting clients from concept through development, providing consultation on regulatory requirements, filings and processes.
The company has a research and marketing facility in India that employs 21 consultants and marketing personnel and is working towards aggressively expanding its presence in the Indian pharmaceutical industry. The Company's web address is www.groupeathena.com.
To review the complete quarterly report please go to www.otcmarkets.com/stock/GATA/quote and click on “Financials”.
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