Electra Real Estate Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported negative sales was USD 19.73 million compared to sales of USD 69.34 million a year ago. Negative revenue was USD 0.185 million compared to revenue of USD 86.09 million a year ago. Net loss was USD 14.58 million compared to net income of USD 58.52 million a year ago. Basic loss per share from continuing operations was USD 0.26 compared to basic earnings per share from continuing operations of USD 1.03 a year ago. Diluted loss per share from continuing operations was USD 0.26 compared to diluted earnings per share from continuing operations of USD 1.02 a year ago.
For the six months, negative sales was USD 15.11 million compared to sales of USD 152.56 million a year ago. Revenue was USD 8.24 million compared to USD 200.14 million a year ago. Net loss was USD 8.91 million compared to net income of USD 137.58 million a year ago. Basic loss per share from continuing operations was USD 0.16 compared to basic earnings per share from continuing operations of USD 2.42 a year ago. Diluted loss per share from continuing operations was USD 0.16 compared to diluted earnings per share from continuing operations of USD 2.4 a year ago.