Acadian Timber Corp. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 23.59 million compared to CAD 24.49 million a year ago. Net income was CAD 4.83 million compared to CAD 0.344 million a year ago. Basic earnings per share from continuing operations was CAD 0.29 compared to CAD 0.02 a year ago.
For the nine months, sales was CAD 66.72 million compared to CAD 69.78 million a year ago. Net income was CAD 13.51 million compared to CAD 12.14 million a year ago. Basic earnings per share from continuing operations was CAD 0.81 compared to CAD 0.73 a year ago.