Avcorp Industries Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 29.26 million compared to CAD 24.39 million a year ago. Net loss was CAD 5.57 million compared to CAD 1.21 million a year ago. Basic loss per share from continuing operations was CAD 0.02. Diluted loss per share from continuing operations was CAD 0.02.
For the six months, sales was CAD 57.12 million compared to CAD 48.32 million a year ago. Net loss was CAD 6.77 million compared to net income of CAD 16.18 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to basic earnings per share from continuing operations of CAD 0.04 a year ago. Diluted loss per share from continuing operations was CAD 0.02 compared to diluted earnings per share from continuing operations of CAD 0.04 a year ago.