Pollard Banknote Limited reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 128.74 million compared to CAD 125.52 million a year ago. Net income was CAD 7.74 million compared to net loss of CAD 0.155 million a year ago. Basic earnings per share from continuing operations was CAD 0.29 compared to basic loss per share from continuing operations of CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.28 compared to diluted loss per share from continuing operations of CAD 0.01 a year ago.
For the nine months, sales was CAD 383.68 million compared to CAD 355.34 million a year ago. Net income was CAD 20.1 million compared to CAD 8.73 million a year ago. Basic earnings per share from continuing operations was CAD 0.75 compared to CAD 0.32 a year ago. Diluted earnings per share from continuing operations was CAD 0.73 compared to CAD 0.32 a year ago.