03:43 PM EST - GENIVAR Inc. : announced its financial and operating results for the first quarter of 2012. Total revenues were $163.7 million compared to $149.3 million in 2011, an increase of 9.7%. Net earnings amounted to $10.1 million or $0.31 per share on a basic and diluted basis, as compared to $16.1 million or $0.62 per share on a basic and diluted basis in 2011. However, adjusted net earnings were $10.1 million compared to $8.9 million in 2011, representing an increase of 13.0%, without the effect of a one-time deferred income tax recovery in 2011 resulting from a change in legal structure. GENIVAR Inc.
shares T.GNV are trading down $0.43 at $25.40.
