Cathedral Energy Services Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 115.06 million compared to CAD 27.65 million a year ago. Net income was CAD 2.42 million compared to net loss of CAD 2.82 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.02 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to diluted loss per share from continuing operations of CAD 0.02 a year ago.
For the six months, sales was CAD 242.72 million compared to CAD 62.04 million a year ago. Net income was CAD 3.21 million compared to net loss of CAD 0.581 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.01 compared to diluted loss per share from continuing operations of CAD 0.01 a year ago.