Magnus Energy Group Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was SGD 4.11 million compared to SGD 2.97 million a year ago. Net income was SGD 0.559 million compared to net loss of SGD 0.588 million a year ago.
For the six months, sales was SGD 7.21 million compared to SGD 5.44 million a year ago. Net income was SGD 1.53 million compared to net loss of SGD 0.836 million a year ago. Basic earnings per share from continuing operations was SGD 0.0001 compared to basic loss per share from continuing operations of SGD 0.0001 a year ago. Diluted earnings per share from continuing operations was SGD 0.0001 compared to diluted loss per share from continuing operations of SGD 0.0001 a year ago.