09:56 AM EST - Colabor Group Inc. : reported that its second-quarter net earnings were $4.2 million or $0.20 per share, up from $1.7 million or $0.12 per share, in the corresponding quarter of 2009. The increase in net earnings reflects, in part, a low tax rate resulting from the acquisition of approximately $130.0 million in tax losses for which the Company paid $5.0 million to ConjuChem Biotechnologies Inc. at the time of its conversion to a corporation. Sales were $245.2 million, down 13.6% from $283.7 million in the year ago quarter. Colabor Group Inc.
shares T.CGL are trading up $0.07 at $11.63.
