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Trimel Pharmaceuticals posts profit of $5.9 million in first quarter

MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Trimel Pharmaceuticals Corp. (TRLPF) on Wednesday reported first-quarter net income of $5.9 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Mississauga, Ontario-based company said it had net income of 3 cents.

The drugmaker posted revenue of $10.4 million in the period.

The company’s shares closed at 13 cents. A year ago, they were trading at 55 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRLPF at http://www.zacks.com/ap/TRLPF

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Keywords: Trimel Pharmaceuticals, Earnings Report