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Article: Cathay Forest Announces Third Quarter Results.
- Article from:
- Marketwire Canada
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 9, 2009 (Marketwire via COMTEX) -- Cathay Forest Products Corp. ("Cathay Forest" or the "Company") (TSX VENTURE:CFZ) is pleased to announce its financial results for the interim period ended September 30, 2009 and cumulative nine months of its financial year 2009. All amounts in this release are expressed in Canadian dollars unless otherwise stated.
Third Quarter Financial Highlights
-- Revenue for the quarter increased 319% over 2008, and 175% in the first nine months of 2009 to $44,515,820
-- Cathay achieved Net Income for the quarter of $2,585,614 and a Net Loss of $595,157 for the first nine months of the year
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