12:09 PM EST - GLG Life Tech Corp. : said its first-quarter net loss after income taxes and non-controlling interests narrowed to $1.34 million from $1.50 million in the prior year period. Loss per share for the quarter was $0.05, narrower than $0.08 in the same period last year. Revenue for the recent quarter grew 174% to $8.2 million from $3 million in the comparable period. The increase in revenues, which were derived entirely from stevia sales, was driven by more shipments of higher-value stevia extract against existing purchase orders when compared to the first quarter a year ago. GLG Life Tech Corp.
shares T.GLG are trading down $0.04 at $7.45.
