Bioscan expects to see a profit this year after 5 years of losses  

The Danish biogas and waste-water treatment specialist company sees more profitable times ahead

Odense (Funen) based company Bioscan is expecting to see black numbers on the bottom-line in 2004 after five years of losses, reports Euroinvestor online. Bioscan is a high-technology project-focused company specialising in third generation biogas plants, separation plants, waste-water treatment and water purification. The company has just released its H1 accounts which have met expectations for an after-tax result of DKK 3-5 million; license payments amounted to DKK 4.9 million.


Bioscan MD Otto Eliassen anticipates that a new agreement with Germany's Zenon will contribute to the surplus in 2004. He also says that license payments from another partner Efire, totalling almost DKK 15 million will happen in Q3 and Q4 2003. Additionally Bioscan is currently in the final stages of negotiation about supplying process equipment for an environmental plant in Finland with a price tag of DKK 30-40 million. Eliassen expects that 30% of this sum will be paid when the contract is signed in September or October this year.


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