03:45 PM EST - The Goldfarb Corp. : posted first-quarter net income of $1.1 million or $0.18 per share, compared with a net loss of $87,000 or $0.01 per share in the same quarter last year. Net income for the quarter increased primarily as a result of the recovery of $834,000 from the Corporation's insurer on the arbitration of the 2008 litigation settlement with Fleming Packaging Corporation and a fair value recovery of $500,000 on the Corporation's long-term investments, the company said. Revenues for the quarter decreased by $46,000 to $10,000 from $56,000 in the previous-year period. The Goldfarb Corp.
shares V.GDF.H are trading even at $1.75.
