Business NewsMarketWire • Primary Corp. Reports Net Income of $2.5M in Third Quarter

Primary Corp. Reports Net Income of $2.5M in Third Quarter

Primary Corp. Reports Net Income of $2.5M in Third Quarter

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2010) - Primary Corp. (TSX VENTURE:PYC) reports that it recorded net income of $2,453,503 and comprehensive income of $10,331,375 during the quarter ended September 30, 2010. The Company's strong results reflected the advances in the junior resource sector during the quarter. At September 30, 2010, Primary's assets included investments of $38.4M and loans receivable of $5.1M. In addition, the Company held $5.7 million in cash. The resulting net asset value per share is $1.44 at September 30, 2010, an increase of 28.7% during the quarter. The financial statements along with management's discussion and analysis can be found on SEDAR (www.sedar.com) or on Primary's website (www.primarycorp.ca).

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