Aug 2 (Reuters) - Industrial valve maker Velan Inc posted a lower first-quarter profit hurt by a stronger Canadian dollar.
Net profit fell to $100,000, or 1 cent per share, from $4.7 million, or 21 cents per share, in the year-ago quarter.
Backlog for the quarter was up 25 percent to $600 million.
Sales in the quarter rose 17 percent to $105 million.
Shares of the Montreal, Quebec-based company closed at C$14 on Thursday on the Toronto Stock Exchange. (Reporting by Maneesha Tiwari in Bangalore; Editing by Sriraj Kalluvila)