St. Genevieve reports financial performance (January 08, 1990)

St. Genevieve Resources (TSE) has reported net income of $1.3 million or 7 cents per share for the nine months ended Sept. 30, 1989, compared with a loss of $2.8 million or 20 cents per share for the same period last year.

St. Genevieve attributed its improved financial performance to a gain of $1 million on the conversion of 5 5/8% convertible bonds during the third quarter.

A further gain of $3.37 million was due to an increase in minority interest, the company said.