March 5, 2012 / 12:52 PM / 5 years ago

First Majestic profit jumps, sees higher 2012 output

March 5 (Reuters) - Canada's First Majestic Silver reported a 55 percent jump in fourth-quarter profit, and forecast higher production for this year.

For the October-December period, net income was C$21.3 million ($21.56 million), or 20 Canadian cents per basic share, up from C$13.7 million, or 14 Canadian cents per basic share, a year ago.

On an adjusted basis, the company earned 24 Canadian cents per share.

Revenue rose 52 percent to C$60.8 million.

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