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Firan Technology Group Swings To Profit In Q1

Firan Technology Group Corp. (FTG.TO) reported Thursday first-quarter net earnings of C$38,000 or breakeven per share, compared to a net loss of C$0.2 million or C$0.01 per share in the prior-year first quarter.

Net sales for the quarter rose 10 percent to C$13.5 million from C$12.2 million in the same period last year.

by RTT Staff Writer

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Rare commodities are worth more than good is a Chinese adage. And more so when it is in the sought-after drug space. Rare and ultra-rare diseases, also called orphan and ultra-orphan diseases, as the names imply, affect very small numbers of patients. So why the clamor? Shares of steel giant ArcelorMittal were losing around 4 percent in the early morning trading in Amsterdam after the company reported sharp decline in first-quarter EBITDA, a key earnings metric, as sales were weak with lower prices and production. Net loss, however, narrowed from last year. The company also confirmed its forecast for annual EBITDA, which is lower than last year. As the din settles down on a dismal quarter at one of the world's exciting tech company, it is time to sit back and take stock of what went wrong and will the wrong be righted in the near term?
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