Gravitas Financial Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 30, 2020 at 07:33 am EST
Gravitas Financial Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced total revenue was CAD 25,983 compared to CAD 171,958 a year ago. Net income was CAD 187,731 compared to net loss of CAD 27.328 million a year ago. Basic eps was CAD 0 compared to basic loss per share of CAD 0.38 a year ago. Basic eps - continuing operations was CAD 0 compared to basic loss per share from continuing operations of CAD 0.14 a year ago. For the nine months, total revenue was CAD 108,115 compared to CAD 800,650 a year ago. Net income was CAD 84.187 million compared to net loss of CAD 38.439 million a year ago. Basic earnings per share was CAD 1.16 compared to basic loss per share of CAD 0.56 a year ago. Basic earnings per share from continuing operations was CAD 1.16 compared to basic loss per share from continuing operations of CAD 0.2 a year ago.