Torrent Capital Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 17, 2022 at 05:49 pm EST
Torrent Capital 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 1.16 million compared to revenue of CAD 1.83 million a year ago. Net loss was CAD 1.15 million compared to net income of CAD 1.43 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to basic earnings per share from continuing operations of CAD 0.06 a year ago.
For the nine months, negative revenue was CAD 9.08 million compared to revenue of CAD 4.81 million a year ago. Net loss was CAD 8.5 million compared to net income of CAD 3.39 million a year ago. Basic loss per share from continuing operations was CAD 0.35 compared to basic earnings per share from continuing operations of CAD 0.14 a year ago.