Grindeks announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2018. For the quarter, the group reported net sales of EUR 43,030,358 against EUR 36,547,053 a year ago. Loss was EUR 17,601,506 against profit of EUR 3,511,030 a year ago. Loss per share was EUR 1.84 per share against EPS of EUR 0.36 per share a year ago.

For the year, the company reported net sales of EUR 145,477,001 against EUR 132,410,851 a year ago. Loss was EUR 10,028,423 against profit of EUR 9,968,435 a year ago. Loss per share was EUR 1.05 per share against EPS of EUR 1.04 per share a year ago.

The company provided group earnings guidance for the full year of fiscal 2019. The company expected increase in turnover of the group by at least 12% in 2019.