The Westaim Corporation Appoints Stephen R. Cole to Its Board of Directors, Effective November 14, 2014; Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
The company announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter the company has reported revenue of CAD 0.6 million against CAD 0.1 million a year ago. Profit and other comprehensive income was CAD 16.4 million or CAD 0.31 per basic and diluted share against loss and other comprehensive loss of CAD 0.5 million or CAD 0.04 per basic and diluted share a year ago.
For the nine months, the company has reported revenue of CAD 0.7 million against CAD 0.3 million a year ago. Profit and other comprehensive income was CAD 11.9 million or CAD 0.44 per basic and diluted share against loss and other comprehensive loss of CAD 1.7 million or CAD 0.12 per basic and diluted share a year ago. Book value per share as at September 30, 2014 was CAD 2.64 against CAD 2.37 per share a year ago.