Thermal Energy International Inc. reported earnings results for the second quarter and six months ended November 30, 2023. For the second quarter, the company reported sales was CAD 7.11 million compared to CAD 4.16 million a year ago. Net income was CAD 0.462777 million compared to net loss of CAD 0.265525 million a year ago. Basic earnings per share from continuing operations was CAD 0.003 compared to basic loss per share from continuing operations of CAD 0.002 a year ago.
For the six months, sales was CAD 12.29 million compared to CAD 7.28 million a year ago. Net income was CAD 0.62202 million compared to net loss of CAD 0.778182 million a year ago. Basic earnings per share from continuing operations was CAD 0.004 compared to basic loss per share from continuing operations of CAD 0.005 a year ago.