North European Oil Royalty Trust reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported revenue was USD 4.44 million compared to USD 1.48 million a year ago. Net income was USD 4.29 million compared to USD 1.36 million a year ago. Basic earnings per share from continuing operations was USD 0.47 compared to USD 0.15 a year ago.
For the nine months, revenue was USD 10.76 million compared to USD 3.16 million a year ago. Net income was USD 10.2 million compared to USD 2.67 million a year ago. Basic earnings per share from continuing operations was USD 1.11 compared to USD 0.29 a year ago.