Polaris Renewable Energy Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 15.18 million compared to USD 14.16 million a year ago. Net loss was USD 1.54 million compared to net income of USD 0.159 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to diluted earnings per share from continuing operations of USD 0.01 a year ago.
For the six months, sales was USD 31.25 million compared to USD 29.84 million a year ago. Net income was USD 0.989 million compared to net loss of USD 0.753 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to basic loss per share from continuing operations of USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.05 compared to diluted loss per share from continuing operations of USD 0.04 a year ago.