Verde Agritech Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 24.86 million compared to CAD 5.38 million a year ago. Net income was CAD 9.63 million compared to CAD 0.273 million a year ago. Basic earnings per share from continuing operations was CAD 0.189 compared to CAD 0.005 a year ago.
For the six months, sales was CAD 36.17 million compared to CAD 6.21 million a year ago. Net income was CAD 12.66 million compared to net loss of CAD 1.54 million a year ago.