Magellan Aerospace Corporation reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was CAD 178.01 million compared to CAD 180.06 million a year ago. Net loss was CAD 5.76 million compared to CAD 22.88 million a year ago. Basic loss per share from continuing operations was CAD 0.1 compared to CAD 0.4 a year ago.
For the full year, sales was CAD 688.36 million compared to CAD 744.41 million a year ago. Net loss was CAD 0.977 million compared to net income of CAD 3.31 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to basic earnings per share from continuing operations of CAD 0.06 a year ago.