Knighthawk Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended July 31, 2016
August 12, 2016 at 07:46 am EDT
Knighthawk Inc. announced earnings results for the third quarter and nine months ended July 31, 2016. For the quarter, the company’s loss from discontinued rail related operations were $23,000 compared to $19,000 a year ago. The earnings from discontinued rail related operations included gains on the sale of assets of discontinued rail related operations of $6,000 compared to $9,000 a year ago. The loss from discontinued air operations was due to unrealized foreign exchange gains on liabilities denominated in U.S. dollars.
For the nine months, the company’s loss from discontinued rail related operations were $85,000 compared to $112,000 a year ago. The earnings from discontinued rail related operations included gains on the sale of assets of discontinued rail related operations of $9,000 compared to $10,000 a year ago.