Mesabi Trust reported earnings results for the second quarter and six months ended July 31, 2022. For the second quarter, the company reported negative revenue was USD 4.37 million compared to revenue of USD 27.74 million a year ago. Net loss was USD 4.86 million compared to net income of USD 26.76 million a year ago. Basic loss per share from continuing operations was USD 0.3702 compared to basic earnings per share from continuing operations of USD 2.0393 a year ago.
For the six months, revenue was USD 9.83 million compared to USD 37.15 million a year ago. Net income was USD 8.74 million compared to USD 35.33 million a year ago. Basic earnings per share from continuing operations was USD 0.666 compared to USD 2.6928 a year ago.