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PROGEN RELEASES H1 RESULTS, SET TO MEET 2004 TARGETS.

AsiaPulse News

| March 01, 2004 | COPYRIGHT 2004 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(Full text of this release can be found at http:/www.asianetnews.net)

BRISBANE, Feb 27/MediaNet International-AsiaNet/ --

Further Encouragement for PI-88 from Avastins Approval

Progen Industries Limited (ASX: PGL, NASDAQ: PGLAF), a progressive Australian drug development company, today announced its half year financial results to December 31st, 2003 and said the company is on track to meet its objectives for 2004.

"Progen's operating loss for the half-year ending 31 December 2003 was $1,895,201. This is a good result ...

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