Raffles Education Corporation Limited reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was SGD 26.7 million compared to SGD 24.9 million a year ago. Net income was SGD 1.55 million compared to net loss of SGD 2.67 million a year ago. Basic earnings per share from continuing operations was SGD 0.0011 compared to basic loss per share from continuing operations of SGD 0.0019 a year ago. Diluted earnings per share from continuing operations was SGD 0.0011 compared to diluted loss per share from continuing operations of SGD 0.0019 a year ago.
For the nine months, sales was SGD 79.92 million compared to SGD 73.32 million a year ago. Net income was SGD 10.26 million compared to SGD 33.04 million a year ago. Basic earnings per share from continuing operations was SGD 0.0074 compared to SGD 0.024 a year ago. Diluted earnings per share from continuing operations was SGD 0.0074 compared to SGD 0.024 a year ago.