Sunshine Oilsands Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 24.28 million compared to negative revenue of CAD 2.29 million a year ago. Net income was CAD 5.75 million compared to CAD 46.17 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.19 a year ago.
For the six months, revenue was CAD 32.63 million compared to CAD 14.59 million a year ago. Net loss was CAD 5.83 million compared to net income of CAD 102.48 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to basic earnings per share from continuing operations of CAD 0.42 a year ago.