Platinum Communications Q1 net income widens

Platinum Communications Corporation, a provider of fixed wireless internet and broadband solutions, has reported that net income for the first quarter ended November 30, 2012 was C$219,708, or C$0.004 per share, compared to C$71,156, or C$0.001 per share, for the same quarter ended November 30, 2011.

Revenue for the first quarter ended November 30, 2012 was C$1.96 million, compared to C$1.61 million for the same quarter ended November 30, 2011.

Gross profit for the first quarter ended November 30, 2012 was C$1.33 million, compared to C$1.11 million for the same quarter ended November 30, 2011.