TORONTO, ONTARIO -- (Marketwire) -- 04/27/10 -- PhosCan Chemical Corp. (TSX: FOS) announces its financial and operating results for the year ended January 31, 2010.Financial ResultsPhosCan reported net income for the year ended January 31, 2010 of $347,027 compared to a net (loss) of ($4,289,353) during the previous year. The decrease in net loss of $4,636,380 was due primarily to a decrease in expenses, an increase in reported interest income and other non- recurring items such as a future income tax recovery, as described in further detail below.Expenses for the year ended January 31, 2010 were $2,466,630, a decrease
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