Orbit Garant Drilling Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was CAD 45.19 million compared to CAD 40.5 million a year ago. Net loss was CAD 4.07 million compared to net income of CAD 0.629 million a year ago. Basic loss per share from continuing operations was CAD 0.11 compared to basic earnings per share from continuing operations of CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.11 compared to diluted earnings per share from continuing operations of CAD 0.02 a year ago.
For the nine months, sales was CAD 141.64 million compared to CAD 112.2 million a year ago. Net loss was CAD 7.14 million compared to net income of CAD 4.47 million a year ago. Basic loss per share from continuing operations was CAD 0.19 compared to basic earnings per share from continuing operations of CAD 0.12 a year ago. Diluted loss per share from continuing operations was CAD 0.19 compared to diluted earnings per share from continuing operations of CAD 0.12 a year ago.