Melcor Developments Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 65.25 million compared to CAD 51.04 million a year ago. Net income was CAD 21.63 million compared to CAD 25.91 million a year ago. Basic earnings per share from continuing operations was CAD 0.69 compared to CAD 0.79 a year ago. Diluted earnings per share from continuing operations was CAD 0.69 compared to CAD 0.79 a year ago.
For the six months, sales was CAD 101.32 million compared to CAD 104.35 million a year ago. Net income was CAD 23.79 million compared to CAD 28.38 million a year ago. Basic earnings per share from continuing operations was CAD 0.76 compared to CAD 0.87 a year ago. Diluted earnings per share from continuing operations was CAD 0.76 compared to CAD 0.86 a year ago.