Timbercreek Financial Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 0.085 million compared to CAD 0.419 million a year ago. Net income was CAD 16.89 million compared to CAD 14.68 million a year ago. Basic earnings per share from continuing operations was CAD 0.2 compared to CAD 0.17 a year ago. Diluted earnings per share from continuing operations was CAD 0.2 compared to CAD 0.17 a year ago.
For the six months, sales was CAD 0.168 million compared to CAD 1.21 million a year ago. Net income was CAD 34.99 million compared to CAD 27.56 million a year ago. Basic earnings per share from continuing operations was CAD 0.42 compared to CAD 0.33 a year ago. Diluted earnings per share from continuing operations was CAD 0.41 compared to CAD 0.33 a year ago.