09:49 AM EST - Xebec Adsorption Inc. : Announced today its 2017 first-quarter operating results. Revenues of $3.3 million for the first quarter of 2017 compared to $2.5 million for the same quarter in 2016, a 34.9% increase compared to the same period in 2016. Gross profit was $1.4 million or 43.3% of revenues for the first quarter of 2017 compared to $0.4 million for the same quarter in 2016, a 298% increase compared to the same period in 2016. Net earnings were $0.6 million or $0.01 per share for the three-month period ending March 31, 2017 compared to a net loss of $1.1 million or $0.03 per share for the same period in 2016, an improvement of $1.6 million. Xebec Adsorption Inc.
shares V.XBC are trading unchanged at $0.29.
