* Q3 EPS C$0.07 vs C$0.06 last year * Revenue up 41 pct Nov 12 (Reuters) - Canadian life sciences company GLG Life Tech Corp posted higher third-quarter results, helped by an increase in sales for its Stevia product. The company -- which supplies Stevia, a natural, zero-calorie sweetener used in food and beverages -- posted net income of C$1.8 million, or 7 Canadian cents a share, up from C$1.4 million, or 6 Canadian cents a share, last year. Revenue rose 41 percent to C$21 million. "This (revenue) increase is due to a substantial increase in sales in China compared to prior periods, when the majority of sales were made in the United States," the company said in a statement Analysts on average had forecast the company to earn 5 Canadian cents a share on revenue of C$20.2 million, according to Thomson Reuters I/B/E/S. GLG Life shares, which have gained 9 percent in value since the company reported second-quarter results in August, closed at C$8.20 on Thursday on the Toronto Stock Exchange. (Reporting by Isheeta Sanghi in Bangalore; Editing by Maju Samuel) Keywords: GLGLIFEINSURANCE/ (firstname.lastname@example.org; within U.S. +1 646 223 8780; outside U.S.
+91 80 4135 5800; Reuters Messaging: email@example.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.