UPDATE 1-GLG Life Q3 profit rises

* 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/ (isheeta.sanghi@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S.

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