April 29, 2024

Litigation costs hit Photon Control profit

BURNABY, B.C. - Photon Control Inc.'s second-quarter profit fell 63 per cent as it bore the legal costs of three law suits, the company (TSXV:PHO) announced Wednesday.Its net income dropped to $ 377,189 in the three months ended June 30, down from $ 1 million in the third quarter of 2010.Two of the suits were settled during the quarter in May.In … [Read more...]