Urbana Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported negative revenue was CAD 30.96 million compared to revenue of CAD 31.18 million a year ago. Net loss was CAD 29.65 million compared to net income of CAD 25.31 million a year ago. Basic loss per share from continuing operations was CAD 0.71 compared to basic earnings per share from continuing operations of CAD 0.57 a year ago.
For the six months, revenue was CAD 7 million compared to CAD 55.37 million a year ago. Net income was CAD 1.31 million compared to CAD 44.53 million a year ago. Basic earnings per share from continuing operations was CAD 0.03 compared to CAD 1.01 a year ago.