Global Education Communities Corp. reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported sales was CAD 3.7 million compared to CAD 4.1 million a year ago. Revenue was CAD 17.54 million compared to CAD 17.13 million a year ago. Net loss was CAD 0.982 million compared to CAD 1.4 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to CAD 0.02 a year ago.
For the six months, sales was CAD 10.25 million compared to CAD 9.05 million a year ago. Revenue was CAD 39.68 million compared to CAD 35.46 million a year ago. Net income was CAD 2.57 million compared to net loss of CAD 2.8 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to basic loss per share from continuing operations of CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to diluted loss per share from continuing operations of CAD 0.04 a year ago.