Orbit Garant Drilling Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was CAD 49.35 million compared to CAD 45.19 million a year ago. Net income was CAD 0.197 million compared to net loss of CAD 4.07 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.11 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to diluted loss per share from continuing operations of CAD 0.11 a year ago.
For the nine months, sales was CAD 154.2 million compared to CAD 141.64 million a year ago. Net income was CAD 3.4 million compared to net loss of CAD 7.14 million a year ago. Basic earnings per share from continuing operations was CAD 0.09 compared to basic loss per share from continuing operations of CAD 0.19 a year ago. Diluted earnings per share from continuing operations was CAD 0.09 compared to diluted loss per share from continuing operations of CAD 0.19 a year ago.