Velan Reports Second Quarter 2015/16 Financial Results
Tuesday, October 20, 2015
In the second quarter of 2016, Velan Inc. reports net earnings amounted to $4.7 million or $0.22 per share compared to $5.1 million or $0.23 per share last year. The $0.4 million decrease in net earnings is primarily attributable to a lower gross profit percentage partially offset by decreased administration costs.
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