Major Drilling Group International Inc. reported earnings results for the third quarter and nine months ended January 31, 2024. For the third quarter, the company reported sales was CAD 132.82 million compared to CAD 149.23 million a year ago. Net loss was CAD 2.31 million compared to net income of CAD 6.27 million a year ago. Basic loss per share from continuing operations was CAD 0.03 compared to basic earnings per share from continuing operations of CAD 0.08 a year ago. Diluted loss per share from continuing operations was CAD 0.03 compared to diluted earnings per share from continuing operations of CAD 0.08 a year ago.
For the nine months, sales was CAD 538.66 million compared to CAD 550.78 million a year ago. Net income was CAD 43.16 million compared to CAD 54.13 million a year ago. Basic earnings per share from continuing operations was CAD 0.52 compared to CAD 0.65 a year ago. Diluted earnings per share from continuing operations was CAD 0.52 compared to CAD 0.65 a year ago.