North European Oil Royalty Trust Reports Earnings Results for the Third Quarter and Nine Months Ended July 31, 2023
August 31, 2023 at 09:32 am EDT
North European Oil Royalty Trust reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported revenue was USD 2.52 million compared to USD 4.44 million a year ago. Net income was USD 2.29 million compared to USD 4.29 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.47 a year ago.
For the nine months, revenue was USD 22.13 million compared to USD 10.76 million a year ago. Net income was USD 21.33 million compared to USD 10.2 million a year ago. Basic earnings per share from continuing operations was USD 2.32 compared to USD 1.11 a year ago.