PANAGENE Inc. reported earnings results for the year ended Dec. 31, 2012. For the year, the company reported revenue of KRW 28,641,189,233, operating loss of KRW 4,259,857,236, loss before tax of KRW 7,438,135,175 and net loss of KRW 7,342,372,347 compared to revenue of KRW 40,731,376,760, operating income of KRW 335,423,245, loss before tax of KRW 615,525,776 and net loss of KRW 1,592,465,302 reported in the same period last year.

Basic loss per share was KRW 29,900.0 against KRW 2,500.0 reported last year. Cash flows from operating activities were KRW 4,813,131,319 against cash used in operating activities of KRW 3,681,969,677 reported last year. Purchase of property, plant and equipment was KRW 115,939,090 against KRW 1,309,786,938 reported last year.

Purchase of intangible assets was KRW 698,151,740 against KRW 851,458,710 reported last year. Negative return on assets was 28.79% against 3.75% reported last year.