Valneva H1 Revenue €70.8M Down From €73.7M YoY, Net Profit €34M Up From Net Loss €35M YoY
Portfolio Pulse from Benzinga Newsdesk
Valneva reported H1 revenue of €70.8M, down from €73.7M year-over-year, but net profit increased to €34M from a net loss of €35M in the same period last year.
August 13, 2024 | 5:30 am
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Valneva's H1 revenue decreased to €70.8M from €73.7M YoY, but net profit improved significantly to €34M from a net loss of €35M.
Despite a slight decline in revenue, Valneva's significant improvement in net profit from a loss to a profit is a positive indicator for investors. This could lead to a short-term increase in the stock price.
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