Orbit Garant Drilling Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was CAD 43.35 million compared to CAD 51.62 million a year ago. Net loss was CAD 1.68 million compared to net income of CAD 2.12 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 0.06 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 0.06 a year ago.
For the six months, sales was CAD 87.66 million compared to CAD 104.86 million a year ago. Net loss was CAD 2.11 million compared to net income of CAD 3.2 million a year ago. Basic loss per share from continuing operations was CAD 0.06 compared to basic earnings per share from continuing operations of CAD 0.09 a year ago. Diluted loss per share from continuing operations was CAD 0.06 compared to diluted earnings per share from continuing operations of CAD 0.09 a year ago.