North European Oil Royalty Trust Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2023
May 31, 2023 at 10:43 am EDT
North European Oil Royalty Trust reported earnings results for the second quarter and six months ended April 30, 2023. For the second quarter, the company reported revenue was USD 9.82 million compared to USD 3.77 million a year ago. Net income was USD 9.5 million compared to USD 3.56 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 0.39 a year ago.
For the six months, revenue was USD 19.61 million compared to USD 6.32 million a year ago. Net income was USD 19.04 million compared to USD 5.91 million a year ago. Basic earnings per share from continuing operations was USD 2.07 compared to USD 0.64 a year ago.