Earnings News

Firan Technology Q2 Profit Rises

Firan Technology Group Corp. (FTG.TO) Monday reported an increase in profit for the second quarter, due mainly to higher revenues.

The Toronto, Canada-based company's second-quarter net profit was C$631 thousand or C$0.03 per share, compared to C$420 thousand or C$0.02 per share last year.

Comprehensive income for the quarter rose to C$826 thousand from C$260 thousand in the similar quarter last year.

Total revenues for the quarter grew 4 percent to C$14.40 million from C$13.87 million in the prior-year quarter.

by RTTNews Staff Writer

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