Karnalyte Resources Inc. announced earnings results for the first quarter ended March 31, 2013. For the period, the company’s net finance loss was $50,140 against $114,746 a year ago. Comprehensive loss was $1,650,238 or $0.07 per basic and diluted share compared to comprehensive loss of $1,090,733 or $0.05 per basic and diluted share for the same period a year ago. Cash flows used in operating activities was $1,466,797 compared to $1,447,228 for the same period a year ago. Additions to intangible assets was $2,721,995, additions to capital assets was $1,175,040 compared to additions to intangible assets of $1,284,257, additions to capital assets of $79,539 for the same period a year ago.

Karnalyte Resources Inc. Presents at BMO Capital Markets 2013 Farm to Market Conference, May-14-2013 02:30 PM. Venue: Grand Hyatt Hotel, New York, New York, United States. Speakers: Robin L. Phinney, Founder, Chief Executive Officer, President and Director, Ronald R. Love, Chief Financial Officer, Executive Vice President and Director.

Karnalyte Resources Inc. announced earnings results for the year ended December 31, 2012. For the year, the company’s net finance loss was CAD 443,839 against CAD 376,511 a year ago. Comprehensive loss was CAD 7,205,846 or CAD 0.33 per basic and diluted share compared to comprehensive loss of CAD 5,353,836 million or CAD 0.26 per basic and diluted share for the same period a year ago. Cash flows used in operating activities was CAD 4,895,066 compared to CAD 2,230,184 for the same period a year ago. Additions to intangible assets was CAD 3,467,662, additions to capital assets was CAD 3,847,304 compared to additions to intangible assets of CAD 26,589,103, additions to capital assets of CAD 250,000 for the same period a year ago.