SIR Royalty Income Fund Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 08, 2023 at 06:14 pm EDT
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SIR Royalty Income Fund reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was CAD 4.56 million compared to CAD 31.44 million a year ago. Basic earnings per share from continuing operations was CAD 0.54 compared to CAD 3.75 a year ago. Diluted earnings per share from continuing operations was CAD 0.51 compared to CAD 3.3 a year ago.
For the six months, net income was CAD 4.86 million compared to CAD 32.5 million a year ago. Basic earnings per share from continuing operations was CAD 0.58 compared to CAD 3.88 a year ago. Diluted earnings per share from continuing operations was CAD 0.58 compared to CAD 3.44 a year ago.
SIR Royalty Income Fund (the Fund) is a Canada-based trust, which receives distribution income from its investment in the SIR Royalty Limited Partnership and interest income from the SIR Loan. The Fund holds an investment in SIR Corp. SIR owns a portfolio of approximately 54 restaurants in Canada. SIR's Concept brands include Jack Astor's Bar and Grill, with 37 locations, and Scaddabush Italian Kitchen & Bar, with 11 locations. SIR also operates Signature brands, including Reds Wine Tavern, Reds Square One, Reds Kitchen + Wine Bar Fallsview and The Loose Moose. SIR also owns two additional Signature restaurants, including Duke's Refresher & Bar in downtown Toronto, and Abbey's Bakehouse, a seasonal restaurant in Muskoka, Ontario.
SIR ROYALTY INCOME FUND 
