Pan Orient Energy Corp. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net income was CAD 2.87 million compared to net loss of CAD 1.06 million a year ago. Basic earnings per share from continuing operations was CAD 0.08 compared to basic loss per share from continuing operations of CAD 0.02 a year ago. Basic earnings per share was CAD 0.06 compared to basic loss per share of CAD 0.02 a year ago.
For the nine months, net income was CAD 5.53 million compared to net loss of CAD 59.21 million a year ago. Basic earnings per share from continuing operations was CAD 0.13 compared to basic loss per share from continuing operations of CAD 1.12 a year ago. Basic earnings per share was CAD 0.11 compared to basic loss per share of CAD 1.12 a year ago.