TORU YAMANAKA
EXFO Inc. said IFRS net earnings in the second quarter of fiscal 2012 totaled $1-million (U.S.), or $0.02 per diluted share, compared to $1.7-million, or $0.03 per diluted share, in the same period last year. Net earnings in the second quarter of 2012 included $1.9-million in after-tax amortization of intangible assets and $0.5-million in stock-based compensation costs. EXFO also incurred a foreign exchange loss of $1.5-million.
Aeterna Zentaris Inc. , which saw its shares drop 4 per cent on Tuesday, reported a fourth-quarter net loss of $7.5-million (U.S.), or $0.07 per basic and diluted share, compared to $6.6-million, or $0.08 per basic and diluted share, for the same quarter in 2010 on higher R&D and SG&A expenses, partly offset by the significant increase in net finance income and by higher gross margin relating to sales of Cetrotide.
Scorpio Mining Corporation reported a fourth-quarter net loss of $1-million or $0.00 per share (basic) compared to net earnings of $15-million or $0.08 per share (basic) in the year earlier period as a result of a reduction in revenues and increased costs. Fourth-quarter 2010 earnings included a $11.5-million deferred income tax recovery adjustment which accounted for $0.06 per share (basic).
Patagonia Gold Plc announced updated drill results on its Cap-Oeste and COSE Projects in Argentina.
Canadian Helicopters Group Inc. , which has been trading near a year high $27.85, said fourth-quarter adjusted net income reached $10.2-million, or $0.78 per share, versus an adjusted net income of $5.1-million, or $0.39 per share, last year.
Fibrek Inc. announced today that, together with Mercer International Inc. , it will seek permission from the Supreme Court of Canada to appeal the Quebec Court of Appeal's decision to maintain the cease trade order of the proposed private placement of 32,320,000 special warrants to purchase common shares of Fibrek to Mercer. AbitibiBowater Inc. has an offer for Fibrek on the table that expires on April 2.
CVTech Group Inc. , which closed down by 2 per cent yesterday, announced today its 2011 fourth-quarter financial results. The company said consolidated revenues were $71.6-million, compared to $69.7-million for the corresponding quarter of 2010. Consolidated EBITDA was $5.4-million, or 7.5 per cent of revenues, compared to $8.7-million or 12.4 per cent of revenues in the fourth-quarter of 2010.
Lara Exploration Ltd. announced that it has signed an option agreement granting Alta Resources Inc., a private company based in Quebec, an option to earn up to a 75 per cent interest in Lara's Atenea Gold Project in southern Peru. Alta can earn an initial 55 per cent interest by paying Lara $500,000 (U.S.) and spending $2.75-million on exploration over three years.
FirstService Corporation , which rose by 10 cents at yesterday's close, announced today that it has successfully completed the acquisition of all of the assets of the Colliers International operations in the United Kingdom. The deal includes ownership interests in the Colliers International operations in Ireland and Spain. The purchase price was approximately $22-million (U.S.).
Theralase Technologies Inc. , which was 2 cents above year lows yesterday, reported today a breakthrough in cancer therapy. The company's anti-cancer Photo Dynamic Compound technology was found to completely destroy subcutaneous colon cancer tumours in a mouse model.