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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Keywords: Westaim, Earnings Report