Yangarra Resources Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 39.52 million compared to CAD 57.95 million a year ago. Net income was CAD 11.49 million compared to CAD 27.94 million a year ago. Basic earnings per share from continuing operations was CAD 0.12 compared to CAD 0.32 a year ago. Diluted earnings per share from continuing operations was CAD 0.11 compared to CAD 0.3 a year ago.
For the nine months, revenue was CAD 119.48 million compared to CAD 166.2 million a year ago. Net income was CAD 34.23 million compared to CAD 81.29 million a year ago. Basic earnings per share from continuing operations was CAD 0.37 compared to CAD 0.93 a year ago. Diluted earnings per share from continuing operations was CAD 0.35 compared to CAD 0.88 a year ago.