Genesis Land Development Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 53.14 million compared to CAD 22.15 million a year ago. Revenue was CAD 53.19 million compared to CAD 22.21 million a year ago. Net income was CAD 4.09 million compared to CAD 0.097 million a year ago. Basic earnings per share from continuing operations was CAD 0.07.
For the six months, sales was CAD 90.46 million compared to CAD 42.52 million a year ago. Revenue was CAD 90.54 million compared to CAD 42.59 million a year ago. Net income was CAD 4.25 million compared to net loss of CAD 0.399 million a year ago. Basic earnings per share from continuing operations was CAD 0.07 compared to basic loss per share from continuing operations of CAD 0.01 a year ago.