Petrus Resources Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 10.48 million compared to CAD 25.63 million a year ago. Net loss was CAD 11.29 million compared to net income of CAD 9.82 million a year ago. Basic loss per share from continuing operations was CAD 0.09 compared to basic earnings per share from continuing operations of CAD 0.08 a year ago. Diluted loss per share from continuing operations was CAD 0.09 compared to diluted earnings per share from continuing operations of CAD 0.08 a year ago.
For the nine months, revenue was CAD 84.77 million compared to CAD 86.91 million a year ago. Net income was CAD 11.02 million compared to CAD 38.77 million a year ago. Basic earnings per share from continuing operations was CAD 0.09 compared to CAD 0.34 a year ago. Diluted earnings per share from continuing operations was CAD 0.09 compared to CAD 0.33 a year ago.