American Realty Investors, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 7.26 million compared to USD 10.19 million a year ago. Revenue was USD 8.13 million compared to USD 11.1 million a year ago. Net income was USD 16.31 million compared to net loss of USD 27.33 million a year ago. Basic earnings per share from continuing operations was USD 1.01 compared to basic loss per share from continuing operations of USD 1.69 a year ago. Diluted earnings per share from continuing operations was USD 1.01 compared to diluted loss per share from continuing operations of USD 1.69 a year ago.
For the six months, sales was USD 14.74 million compared to USD 20.56 million a year ago. Revenue was USD 15.92 million compared to USD 22.93 million a year ago. Net income was USD 27.63 million compared to net loss of USD 9.26 million a year ago. Basic earnings per share from continuing operations was USD 1.71 compared to basic loss per share from continuing operations of USD 0.57 a year ago. Diluted earnings per share from continuing operations was USD 1.71 compared to diluted loss per share from continuing operations of USD 0.57 a year ago.