Feb 14 (Reuters) - Canadian uranium explorer Khan Resources posted its first profit in four quarters, helped by recovery of income taxes.
The company, whose litigation claim against ARMZ was blocked by a Russian justice minister that alleged interference in its Mongolian operations, posted a net income of $34,000, or break even on a per share basis, compared with a loss of $826,000, or 2 cents per share, last year.
The firm recovered $522,000 in income tax during the quarter.
The Toronto-based company’s shares closed at 54 Canadian cents on Froday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore) (firstname.lastname@example.org; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: email@example.com))