Pacific Green Technologies Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported revenue was USD 85.96 million compared to USD 3.64 million a year ago. Net income was USD 10.92 million compared to net loss of USD 2.22 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to basic loss per share from continuing operations of USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to diluted loss per share from continuing operations of USD 0.05 a year ago.
For the nine months, revenue was USD 88.32 million compared to USD 6.86 million a year ago. Net income was USD 11.47 million compared to net loss of USD 7.73 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to basic loss per share from continuing operations of USD 0.16 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to diluted loss per share from continuing operations of USD 0.16 a year ago.