Madison Pacific Properties Inc. reported earnings results for the second quarter and six months ended February 29, 2024. For the second quarter, the company reported sales was CAD 11.11 million compared to CAD 10.46 million a year ago. Net income was CAD 14.31 million compared to CAD 16.01 million a year ago. Basic earnings per share from continuing operations was CAD 0.24 compared to CAD 0.27 a year ago.
For the six months, sales was CAD 21.53 million compared to CAD 20.1 million a year ago. Net loss was CAD 43.18 million compared to net income of CAD 22.44 million a year ago. Basic loss per share from continuing operations was CAD 0.73 compared to basic earnings per share from continuing operations of CAD 0.38 a year ago.