Trading profits of $2 million for the six months ended Sept 30 kept Imperial Metals (TSE) in the black. The company reported net earnings for the period of $1.33 million on operating revenues of $2.1 million.
In addition to investment income, the company received a non-recurring mineral net profits interest payment of $345,000 in the second quarter. Net income for the quarter was $809,000 on revenues of $1.2 million.
At the end of the period Imperial Metals had $6.3 million in working capital and $500,000 in long-term debt.
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