Kontrol Technologies Corp. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was CAD 4.46 million compared to CAD 3.28 million a year ago.

Net income was CAD 21.32 million compared to CAD 1.64 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago.

Basic earnings per share was CAD 0.41 compared to CAD 0.03 a year ago. Diluted earnings per share was CAD 0.35 compared to CAD 0.03 a year ago.