Champion Iron Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was CAD 351.23 million compared to CAD 253.02 million a year ago. Net income was CAD 51.41 million compared to CAD 68 million a year ago. Basic earnings per share from continuing operations was CAD 0.1 compared to CAD 0.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.1 compared to CAD 0.13 a year ago.
For the nine months, sales was CAD 931.18 million compared to CAD 1,129.43 million a year ago. Net income was CAD 112.49 million compared to CAD 406.93 million a year ago. Basic earnings per share from continuing operations was CAD 0.22 compared to CAD 0.8 a year ago. Diluted earnings per share from continuing operations was CAD 0.21 compared to CAD 0.78 a year ago.