Fountain Asset Corp. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported negative revenue was CAD 4.7 million compared to revenue of CAD 0.953477 million a year ago. Net loss was CAD 5.02 million compared to net income of CAD 0.483077 million a year ago. Basic loss per share from continuing operations was CAD 0.08 compared to basic earnings per share from continuing operations of CAD 0.01 a year ago. Diluted loss per share from continuing operations was CAD 0.08 compared to diluted earnings per share from continuing operations of CAD 0.01 a year ago.
For the six months, negative revenue was CAD 6.5 million compared to revenue of CAD 6 million a year ago. Net loss was CAD 7.06 million compared to net income of CAD 5.32 million a year ago. Basic loss per share from continuing operations was CAD 0.11 compared to basic earnings per share from continuing operations of CAD 0.09 a year ago. Diluted loss per share from continuing operations was CAD 0.11 compared to diluted earnings per share from continuing operations of CAD 0.09 a year ago.