09:58 AM EST - Malaga Inc. : reported its financial results for the quarter ended June 30, 2011. All amounts are in U.S. dollars unless otherwise indicated. For the second quarter of 2011, Malaga generated a net income of $1.6 million ($0.01 per share), compared to $0.3 million ($0.00 per share) in the same quarter of 2010, an increase of $1.3 million. This performance resulted from an average reference selling price increase of $217 for APT from $222 in the second quarter of 2010 to $439 in Q2-2011 and a $1.1 million gain on the revaluation of the warrants. Malaga Inc.
shares T.MLG are trading down $0.02 at $0.21.
