Mesabi Trust reported earnings results for the third quarter and nine months ended October 31, 2022. For the third quarter, the company reported revenue was USD 0.084681 million compared to USD 16.36 million a year ago. Net loss was USD 0.413692 million compared to net income of USD 15.99 million a year ago. Basic loss per share from continuing operations was USD 0.0315 compared to basic earnings per share from continuing operations of USD 1.219 a year ago.
For the nine months, revenue was USD 9.91 million compared to USD 53.51 million a year ago. Net income was USD 8.32 million compared to USD 51.32 million a year ago. Basic earnings per share from continuing operations was USD 0.6345 compared to USD 3.9118 a year ago.