Orbit Garant Drilling Inc. reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported sales was CAD 45.88 million compared to CAD 36.06 million a year ago. Net loss was CAD 1.73 million compared to net income of CAD 0.367 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to basic earnings per share from continuing operations of CAD 0.01 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to diluted earnings per share from continuing operations of CAD 0.01 a year ago.
For the six months, sales was CAD 96.45 million compared to CAD 71.69 million a year ago. Net loss was CAD 3.07 million compared to net income of CAD 3.84 million a year ago. Basic loss per share from continuing operations was CAD 0.08 compared to basic earnings per share from continuing operations of CAD 0.1 a year ago. Diluted loss per share from continuing operations was CAD 0.08 compared to diluted earnings per share from continuing operations of CAD 0.1 a year ago.