ShaMaran Petroleum Corp. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 43.38 million compared to USD 38.84 million a year ago.

Net income was USD 9.6 million compared to USD 15.08 million a year ago. Basic earnings per share from continuing operations was USD 0.003 compared to USD 0.007 a year ago. Diluted earnings per share from continuing operations was USD 0.003 compared to USD 0.007 a year ago.