Sunshine Oilsands Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported negative revenue was CAD 11.88 million compared to revenue of CAD 43.88 million a year ago. Net income was CAD 26.66 million compared to CAD 27.51 million a year ago. Basic earnings per share from continuing operations was CAD 0.11 compared to CAD 0.11 a year ago.
For the nine months, revenue was CAD 2.72 million compared to CAD 50.45 million a year ago. Net income was CAD 129.14 million compared to CAD 2.1 million a year ago. Basic earnings per share from continuing operations was CAD 0.53 compared to CAD 0.01 a year ago.