Geo Energy Resources Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 111.01 million compared to USD 164.74 million a year ago. Net income was USD 11.47 million compared to USD 35.69 million a year ago. Basic earnings per share from continuing operations was USD 0.008275 compared to USD 0.025019 a year ago.
For the nine months, sales was USD 350.78 million compared to USD 533.07 million a year ago. Net income was USD 39.47 million compared to USD 141.65 million a year ago. Basic earnings per share from continuing operations was USD 0.027755 compared to USD 0.099935 a year ago.