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Chartwell suffers as expenses continue to exceed revenues

14th June 2010 8:01 am GMT

Canada's Chartwell Technology Inc said Friday that net losses for the second quarter ended April 30th increased to CAD$0.9m after total revenues fell by more than a quarter compared to the same period last year, which the company partially attributed to foreign exchange losses.

Chartwell said that total revenues fell 26 per cent year-on-year to $3.1m primarily as a result of the decline in the Euro and pound sterling against the Canadian [...]

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