Sunshine Oilsands Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported negative revenue was CAD 6.11 million compared to CAD 11.88 million a year ago. Net loss was CAD 15.69 million compared to net income of CAD 322.95 million a year ago. Basic loss per share from continuing operations was CAD 0.06 compared to basic earnings per share from continuing operations of CAD 1.33 a year ago. Diluted loss per share from continuing operations was CAD 0.06 compared to diluted earnings per share from continuing operations of CAD 1.33 a year ago.
For the nine months, revenue was CAD 26.52 million compared to CAD 2.72 million a year ago. Net loss was CAD 21.51 million compared to net income of CAD 425.43 million a year ago. Basic loss per share from continuing operations was CAD 0.09 compared to basic earnings per share from continuing operations of CAD 1.75 a year ago. Diluted loss per share from continuing operations was CAD 0.09 compared to diluted earnings per share from continuing operations of CAD 1.75 a year ago.