Mesabi Trust reported earnings results for the second quarter and six months ended July 31, 2023. For the second quarter, the company reported revenue was USD 9.89 million compared to negative revenue of USD 4.37 million a year ago. Net income was USD 9.18 million compared to net loss of USD 4.86 million a year ago. Basic earnings per share from continuing operations was USD 0.6999 compared to basic loss per share from continuing operations of USD 0.3702 a year ago.
For the six months, revenue was USD 11.74 million compared to USD 9.83 million a year ago. Net income was USD 10.21 million compared to USD 8.74 million a year ago. Basic earnings per share from continuing operations was USD 0.7779 compared to USD 0.666 a year ago.