AKITA Drilling Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 58.35 million compared to CAD 42.96 million a year ago. Net income was CAD 6.18 million compared to net loss of CAD 4.25 million a year ago. Basic earnings per share from continuing operations was CAD 0.16 compared to basic loss per share from continuing operations of CAD 0.11 a year ago. Diluted earnings per share from continuing operations was CAD 0.15 compared to diluted loss per share from continuing operations of CAD 0.11 a year ago.
For the six months, sales was CAD 123.35 million compared to CAD 87.95 million a year ago. Net income was CAD 15.7 million compared to net loss of CAD 7.19 million a year ago. Basic earnings per share from continuing operations was CAD 0.4 compared to basic loss per share from continuing operations of CAD 0.18 a year ago. Diluted earnings per share from continuing operations was CAD 0.39 compared to diluted loss per share from continuing operations of CAD 0.18 a year ago.