Melcor Developments Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was CAD 61.14 million compared to CAD 56.21 million a year ago. Net income was CAD 23.77 million compared to CAD 16.56 million a year ago. Basic earnings per share from continuing operations was CAD 0.73 compared to CAD 0.5 a year ago. Diluted earnings per share from continuing operations was CAD 0.73 compared to CAD 0.5 a year ago.
For the nine months, sales was CAD 165.49 million compared to CAD 165.03 million a year ago. Net income was CAD 52.15 million compared to CAD 11.54 million a year ago. Basic earnings per share from continuing operations was CAD 1.59 compared to CAD 0.35 a year ago. Diluted earnings per share from continuing operations was CAD 1.59 compared to CAD 0.35 a year ago.