09:45 AM EST - Arcan Resources Ltd. : reported net income for fiscal 2008 of $7.0 million or $0.18 per share, compared to a loss of $0.91 million or $0.03 per share a year ago. Funds from operations for the period rose to $24.55 million or $0.65 per share from $10.93 million or $0.33 per share in the previous year. Petroleum and natural gas revenues for the full year increased to $48.66 million from $27.51 million in the prior year. Arcan Resources Ltd.
shares V.ARN are trading up $0.02 at $0.92.
