Monday, Alternative Fuel Systems Inc. (AFX.V) reported a third-quarter profit of C$277.3 thousand, compared to a loss of C$127.9 thousand in the same quarter last year. Revenue for the third quarter was C$1.3 million.
For the nine-month period, profit was C$294.0 thousand, compared to a loss of C$413.4 thousand in the same period last year. On a per share basis, net income for the nine-month period was C$0.02. Total revenue increased to C$2.7 million from C$1.3 million in the year ago period.
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