Wednesday, August 12, 2009
Candente Resource announced financial results for the quarter ended June 30, 2009, posted net earnings of $179,883 or $nil per share in Q2-2009, compared to a net loss of $1,114,984 or $0.02 per share in the three months ended June 30, 2008. Earnings posted by the Company in Q2-2009 follow a foreign exchange gain of $450,014 in the quarter, of both a realized and unrealized nature, due to fluctuations of the Canadian dollar and the Peruvian nuevo sol with respect to the U.S. dollar during the quarter, and are not indicative of projected future results. On a year-to-date basis the Company posted a loss of $215,611 to June 30, 2009, compared to a loss of $2,164,501 in the six months ended June 30, 2008.
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