Reconnaissance Energy Africa Ltd. reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported net income was CAD 17.52 million compared to CAD 12.93 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.02 a year ago.
For the six months, net income was CAD 31.37 million compared to CAD 27.26 million a year ago. Basic earnings per share from continuing operations was CAD 0.07 compared to CAD 0.08 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to CAD 0.08 a year ago.