Brief: Velan Inc. Says Sales For Quarter Amounted To $101.9 Million

Velan

07/10/2021 18:11

Oct 7 (Reuters) - Velan Inc  VLN.TO :
    * VELAN INC. REPORTS ITS SECOND QUARTER 2021/22 FINANCIAL
RESULTS
AND A SIGNIFICANT INCREASE IN SALES AND IMPROVED MARGINS THAT
COMBINE FOR ONE OF THE BEST QUARTERS OF THE LAST TEN YEARS, WITH
NET INCOME¹ OF $5.0 MILLION, AND BACKLOG² REMAINING HIGH
    * VELAN INC - SALES FOR QUARTER AMOUNTED TO $101.9 MILLION,
AN
INCREASE OF 33.6 MILLION OR 49.1% COMPARED TO SAME QUARTER OF
PREVIOUS FISCAL YEAR
    * VELAN INC- QTRLY NET INCOME PER SUBORDINATE AND MULTIPLE
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Source text for Eikon:  urn:newsml:reuters.com:*:nGNX6Byjll
Further company coverage:  VLN.TO 

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