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Article: Silvercorp Reports Net Income of $8.9 Million and Cash Flow of $15.9 Million in Second Quarter.
- Article from:
- Marketwire Canada
- Article date:
- November 9, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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VANCOUVER, BRITISH COLUMBIA, Nov 9, 2009 (Marketwire via COMTEX) -- Silvercorp Metals Inc. ("Silvercorp" or the "Company") (TSX:SVM)(NYSE Amex:SVM) reports its unaudited financial and operating results for the second quarter ended September 30, 2009. The financial results are expressed in thousands of US dollars (US$) unless stated otherwise.
SECOND QUARTER HIGHLIGHTS
During the quarter ended September 30, 2009 ("Q2 2010"), financial highlights included:
- Net earnings of $8.9 million, 83% higher compared to $4.9 million in the same quarter last year;
- Earnings per share of $0.06, double the earnings per share of $0.03 in the same ...