09:49 AM EST - Element Financial Corporation : reported strong Q1 2012 financial results. Total revenues increased to $6.5 million during the current quarter, an increase of $5.8 million over the amount reported during the same quarter of the previous year. Positive net operating income from operations before non-cash share-based compensation expense was $0.9 million during the quarter compared to a loss of $0.8 million for the comparative quarter of the previous year, ahead of profitability targets. Earnings per share were $0.00 during the quarter compared to a loss of $0.26 for the quarter ended March 31, 2011. Element Financial Corporation
shares T.EFN are trading down $0.10 at $5.60.
