Abaxx Technologies Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was CAD 16.22 million compared to net loss of CAD 6.29 million a year ago. Basic earnings per share from continuing operations was CAD 0.66 compared to basic loss per share from continuing operations of CAD 0.26 a year ago. Diluted earnings per share from continuing operations was CAD 0.63 compared to diluted loss per share from continuing operations of CAD 0.26 a year ago.
For the six months, net income was CAD 10.1 million compared to net loss of CAD 6.83 million a year ago. Basic earnings per share from continuing operations was CAD 0.41 compared to basic loss per share from continuing operations of CAD 0.28 a year ago. Diluted earnings per share from continuing operations was CAD 0.39 compared to diluted loss per share from continuing operations of CAD 0.28 a year ago.