Velan Reports Second Quarter 2016/17 Financial Results
Tuesday, October 18, 2016
In the second quarter of fiscal 2017, Velan Inc. reports net earnings of $2.0 million, or $0.10 per share, compared to $4.7 million last year. The $2.7 million decrease in net earnings is primarily attributable to a lower sales volume which was partially offset by a higher gross profit percentage and decreased administration costs. More...
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