Cathedral Energy Services Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 145.59 million compared to CAD 115.18 million a year ago. Net income was CAD 5.65 million compared to CAD 8.66 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to CAD 0.04 a year ago.
For the nine months, sales was CAD 399.88 million compared to CAD 179.87 million a year ago. Net income was CAD 8.86 million compared to CAD 8.08 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.06 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to CAD 0.06 a year ago.