EGI Financial Holdings Inc. which hit year highs yesterday, announced today a net income of $3.8-million, or $0.33 per basic and diluted share, for the first quarter ended March 31, 2012, a 25 per cent increase over the first quarter of 2011. The company also reported a 42 per cent increase in written premiums over first quarter 2011, and a 5 per cent increase in net earned premiums.
DirectCash Payments Inc. which moved closer to year highs yesterday, announced today consolidated financial results for the three months ended March 31, 2012. Total revenue was $27.9-million, down slightly from $28.7-million in the previous year. Net income was $3.2-million, which is a slight dip from last year's $3.5-million.
Thermal Energy International Inc. announced today that it has received a purchase order valued at approximately $467,000 (Canadian) from a major food producer based in the U.K. This brings the total orders received in calendar 2012 from this customer to approximately $1.3-million.
Taseko Mines Ltd. reported first quarter adjusted net earnings of $1.3-million ($0.01 per share) compared to adjusted net earnings of $8.0-million ($0.04 per share) a year earlier. Taseko also announced that it has signed an agreement with the Tsay Keh Dene First Nation to support the exploration program and environmental studies for the development of its Aley Niobium Project in northeastern British Columbia.
Great Canadian Gaming Corp. reported first quarter net earnings decreased by $37.6-million in 2012, compared to the first quarter of 2011.
Ivanhoe Energy Inc. , which rose 3.5 per cent on Wednesday, announced that it has signed a Memorandum of Understanding with Coban Oil and Gas, to assess the feasibility of building a Heavy to Light facility to upgrade heavy crude oil in the Republic of Guatemala.
COM DEV International Ltd. announced that the AEHF-2 satellite has been successfully launched with COM DEV-built switches, filters and other microwave components on board.
MEGA Brands Inc. , which hit a year low Wednesday, reported that first quarter net loss improved to $8.5-million or $0.52 basic and diluted per share, compared to a net loss of $9.3-million or $0.57 per basic and diluted share in the first quarter of 2011.
Africo Resources Ltd. reported that r esource drilling has been re-commenced on its Kalukundi Project in the Democratic Republic of Congo (DRC).
Search Minerals Inc. announced the completion of metallurgical tests on a bulk sample from the Foxtrot Project to produce a high grade REE product for refining.
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