Brief: Velan Inc Q3 earnings per share $0.16
13/01/2016 20:58
Jan 13 (Reuters) - Velan Inc VLN.TO : * Reports its third quarter 2015/16 financial results * Q3 earnings per share $0.16 * Q3 ADJUSTED EARNINGS PER SHARE $0.23 * Q3 sales fell 18.3 percent to $104 million * Says "continued weakness in the price of oil has had a negative impact on the company's order intake" * Says restructured its north american operations in the quarter with a workforce reduction and plant consolidation * Says for the quarter, net new orders received amounted to $89.5 million, a decrease of $36.5 million or 29.0% compared to last year * Says board declared an eligible quarterly dividend of ca$0.10 per share * Source text for Eikon ID:nCCN2JNlcs * Further company coverage VLN.TO ((Bengaluru Newsroom; +1 646 223 8780))