Orbit Garant Drilling Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported sales was CAD 48.21 million compared to CAD 49.35 million a year ago. Net income was CAD 1.97 million compared to CAD 0.197 million a year ago. Basic earnings per share from continuing operations was CAD 0.05 compared to CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.05 compared to CAD 0.01 a year ago.
For the nine months, sales was CAD 135.87 million compared to CAD 154.2 million a year ago. Net loss was CAD 0.143 million compared to net income of CAD 3.4 million a year ago.