Major Drilling Group International Inc. reported earnings results for the third quarter and nine months ended January 31, 2022. For the third quarter, the company reported sales was CAD 138.75 million compared to CAD 100.39 million a year ago. Net income was CAD 5.68 million compared to net loss of CAD 1.47 million a year ago. Basic earnings per share from continuing operations was CAD 0.07 compared to basic loss per share from continuing operations of CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to diluted loss per share from continuing operations of CAD 0.02 a year ago.
For the nine months, sales was CAD 460.44 million compared to CAD 303.96 million a year ago. Net income was CAD 31.03 million compared to CAD 7.69 million a year ago. Basic earnings per share from continuing operations was CAD 0.38 compared to CAD 0.1 a year ago. Diluted earnings per share from continuing operations was CAD 0.38 compared to CAD 0.1 a year ago.