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Niko Resources Ltd.

05:14 PM EST - Niko Resources Ltd. : reported third quarter net income of $0.557 million, compared to a net loss of $5.7 million in the same quarter prior year. Funds from operations for the third quarter declined to $18.3 million, from $21.1 million in the same quarter previous year. For the third quarter, petroleum and natural gas sales were $23.18 million, down from $28.63 million in the year-ago quarter. Niko Resources Ltd. shares T.NKO are trading up $1.49 at $86.98.