June 14, 2010 / 2:07 PM / 7 years ago

UPDATE 1-Coastal Contacts posts lower Q2 profit

* Q2 net earnings down 28 pct

* Records forex loss of C$293,000

* Sales rise 12 pct

June 14 (Reuters) - Canadian online contact lenses retailer Coastal Contacts Inc COA.TO posted a 28 percent fall in second-quarter income, hurt by a foreign exchange loss.

For the quarter ended April 30, the company posted earnings of C$382,000, or 1 Canadian cent a share, down from C$528,000, or 1 Canadian cent, in the year-ago quarter.

Coastal Contacts said second-quarter results included a C$293,000 foreign exchange loss.

Sales rose 12 percent to C$37.3 million, and the company said total order volume exceeded 384,000 orders, up 18 percent from last year.

Shares of the company were flat at C$1.31 during morning trade Monday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Aradhana Aravindan) ((isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: isheeta.sanghi.thomsonreuters.com@reuters.net))

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