Electra Real Estate Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative sales was USD 22.59 million compared to sales of USD 42 million a year ago. Negative revenue was USD 29.58 million compared to revenue of USD 51.63 million a year ago. Net loss was USD 27.55 million compared to net income of USD 36.05 million a year ago. Basic loss per share from continuing operations was USD 0.49 compared to basic earnings per share from continuing operations of USD 0.64 a year ago.
For the nine months, negative sales was USD 37.69 million compared to sales of USD 194.56 million a year ago. Negative revenue was USD 21.34 million compared to revenue of USD 251.77 million a year ago. Net loss was USD 36.46 million compared to net income of USD 173.62 million a year ago. Basic loss per share from continuing operations was USD 0.65 compared to basic earnings per share from continuing operations of USD 3.06 a year ago.