PhosCan Chemical Announces Results for Quarter Ended October 31, 2011

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    PhosCan Chemical Announces Results for Quarter Ended October 31, 2011

    (PR-inside.com) TORONTO, ONTARIO -- (Marketwire) -- 12/13/11 -- (All dollar amounts are expressed in Canadian currency unless otherwise noted.) PhosCan Chemical Corp. (TSX:FOS) today released its quarterly results for the period ended October 31, 2011. PhosCan reported net income of $1,336,756 for the three months ended October 31, 2011 compared to $182,214 for the same period of the previous year. The positive quarter-over-quarter result was due to decreases in administration and share-based payment expenses and increases in interest income and foreign exchange gain. For the nine months ended October 31, 2011, the Company reported net income of $566,924 compared ..

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