Pacific Radiance Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 6.41 million compared to USD 2.06 million a year ago. Net income was USD 306.14 million compared to net loss of USD 7.75 million a year ago. Basic earnings per share from continuing operations was USD 1.568 compared to basic loss per share from continuing operations of USD 0.018 a year ago. Diluted earnings per share from continuing operations was USD 1.558 compared to diluted loss per share from continuing operations of USD 0.018 a year ago. Basic earnings per share was USD 1.568 compared to basic loss per share of USD 0.108 a year ago. Diluted earnings per share was USD 1.558 compared to diluted loss per share of USD 0.108 a year ago.
For the nine months, sales was USD 21.61 million compared to USD 7.72 million a year ago. Net income was USD 333.85 million compared to net loss of USD 11.84 million a year ago. Basic earnings per share from continuing operations was USD 2.89 compared to USD 0.068 a year ago. Diluted earnings per share from continuing operations was USD 2.878 compared to USD 0.068 a year ago. Basic earnings per share was USD 2.949 compared to basic loss per share of USD 0.165 a year ago. Diluted earnings per share was USD 2.937 compared to diluted loss per share of USD 0.165 a year ago.