Aurizon Mines posts weaker Q4, 2012 financial results, meets per share estimate

VANCOUVER – Aurizon Mines Ltd. (TSX:ARZ) reports a substantial drop in revenue, net profit and cash flow. The company, which is attempting to fend off a hostile takeover, reports its revenue last year was $223.5 million, including $56.2 million in the fourth quarter ended Dec. 31. Net profit was $31.8 million for the year, including $9.4 million in the fourth quarter. Net cash from operating activities was $62.3 million for the year and $25.3 million for the quarter. All the results were down substantially from their year-earlier comparables. Aurizon’s fourth-quarter profit was six cents per share, meeting the consensus estimate.