03:47 PM EST - Velan Inc. : announced today its financial results for its third quarter ended November 30, 2012. Values are in U.S. dollars. Net earnings amounted to $5.7 million or $0.26 per share compared to $4.0 million or $0.18 per share last year. Excluding currency impacts, the Company would have reported net earnings of $5.5 million or $0.25 per share this year compared to $2.1 million or $0.10 per share last year. Net new orders received amounted to $83.3 million, a decrease of $10.9 million or 11.6% compared to last year. Excluding currency impacts, the decrease would have been $21.2 million or 22.5%. Velan Inc.
shares T.VLN are trading up $0.27 at $11.70.
