June 10, 2010 / 10:00 PM / 7 years ago

UPDATE 1-Mosaid Tech Q4 profit jumps on forex gain

* Q4 EPS C$0.69 vs C$0.55 yr ago

* Revenue up 10 pct

* Sees Q1 rev of C$17.5 mln - C$18.5 mln

June 10 (Reuters) - Canadian patent licensing firm Mosaid Technologies Inc MSD.TO posted a 43 percent rise in quarterly profit, helped partly by a foreign exchange gain.

The company said it expects first-quarter revenue of C$17.5 million to C$18.5 million and pro-forma net income of 53 Canadian cents a share to 59 Canadian cents a share.

It said it expects 2011 revenue between C$77.0 million and C$80.0 million and pro-forma net income of C$2.33 a share to C$2.45 a share.

For the fourth quarter ended April 30, the company reported a net income of C$8.1 million ($7.86 million), or 69 Canadian cents a share, compared with C$5.6 million, or 55 Canadian cents a share, a year earlier.

Revenue rose 10 percent to C$19.9 million.

Analysts on average were expecting earnings of 54 Canadian cents a share, before special items, on revenue of C$17.6 million, according to Thomson Reuters I/B/E/S.

Mosaid said it had a foreign exchange gain of C$1.7 million in the fourth quarter.

Shares of the Kanata, Ontario-based company, which have fallen 21 percent in the last 3 months, closed at C$19.60 Thursday on the Toronto Stock Exchange. ($1=1.031 Canadian Dollar) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Roshni Menon)

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