Lupaka Gold Corp. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 25, 2020 at 09:15 am EST
Lupaka Gold Corp. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating income was CAD 34,000 compared to CAD 104,000 a year ago. Net income was CAD 22.171 million compared to net loss of CAD 15.329 million a year ago. Basic earnings per share from continuing operations was CAD 0.14 compared to basic loss per share from continuing operations of CAD 0.1 a year ago. For the nine months, operating income was CAD 143,000 compared to CAD 567,000 a year ago. Net income was CAD 20.698 million compared to net loss of CAD 15.829 million a year ago. Basic earnings per share from continuing operations was CAD 0.14 compared to basic loss per share from continuing operations of CAD 0.11 a year ago.