Silvercorp: Fiscal Q4 Earnings Snapshot

Associated Press Finance
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VANCOUVER, British Columbia (AP) — VANCOUVER, British Columbia (AP) — Silvercorp Metals Inc. (SVM) on Thursday reported fiscal fourth-quarter profit of $235,000.

On a per-share basis, the Vancouver, British Columbia-based company said it had profit of less than 1 cent. Earnings, adjusted for non-recurring costs, were 3 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 3 cents per share.

The mineral miner posted revenue of $34.1 million in the period.

For the year, the company reported profit of $20.6 million, or 12 cents per share. Revenue was reported as $208.1 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SVM at https://www.zacks.com/ap/SVM

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