News

Westaim posts profit of $1.4 million in 1st quarter

TORONTO – TORONTO (AP) _ Westaim Corp. (WEDXF) on Wednesday reported first-quarter profit of $1.4 million.

On a per-share basis, the Toronto-based company said it had profit of 1 cent.

The investment company posted revenue of $673,000 in the period.

In the final minutes of trading on Wednesday, the company’s shares hit $1.94. A year ago, they were trading at $2.69.

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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 WEDXF at http://www.zacks.com/ap/WEDXF

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Keywords: Westaim, Earnings Report