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Paladin Labs Inc.

09:50 AM EST - Paladin Labs Inc. : reported second-quarter net income of $2.59 million or $0.17 per share, compared to $5.91 million or $0.38 per share last year. Earnings before extra ordinary gain were $2.59 million or $0.17 per share, higher than $1.04 million or $0.07 per share in the same quarter last year. Quarterly revenues grew to $20.67 million from $15.44 million in the comparable period a year ago. Paladin Labs Inc. shares T.PLB are trading up 5 cents at $10.75.