Western Energy Services Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 55 million compared to CAD 58.48 million a year ago. Net loss was CAD 1.36 million compared to net income of CAD 0.816 million a year ago. Basic loss per share from continuing operations was CAD 0.04 compared to basic earnings per share from continuing operations of CAD 0.02 a year ago. Diluted loss per share from continuing operations was CAD 0.04 compared to diluted earnings per share from continuing operations of CAD 0.02 a year ago.
For the nine months, sales was CAD 177.2 million compared to CAD 139.55 million a year ago. Net loss was CAD 4.85 million compared to net income of CAD 32.26 million a year ago. Basic loss per share from continuing operations was CAD 0.14 compared to basic earnings per share from continuing operations of CAD 1.89 a year ago. Diluted loss per share from continuing operations was CAD 0.14 compared to diluted earnings per share from continuing operations of CAD 1.89 a year ago.