CIBT posts first-quarter profit of $384,000

VANCOUVER – VANCOUVER, British Columbia (AP) _ CIBT Education Group Inc. (MBAIF) on Thursday reported fiscal first-quarter net income of $384,000, after reporting a loss in the same period a year earlier.

On a per-share basis, the Vancouver, British Columbia-based company said it had profit of 1 cent.

The operator of business, technical and language colleges posted revenue of $7 million in the period.

In the final minutes of trading on Thursday, the company’s shares hit 19 cents. A year ago, they were trading at 20 cents.

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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 MBAIF at http://www.zacks.com/ap/MBAIF

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Keywords: CIBT, Earnings Report

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