Ultra Lithium Inc. reported earnings results for the third quarter and nine months ended July 31, 2022. For the third quarter, the company reported net income was CAD 3.99 million compared to net loss of CAD 0.255792 million a year ago. Basic earnings per share from continuing operations was CAD 0.03. Diluted earnings per share from continuing operations was CAD 0.03.
For the nine months, net income was CAD 3.66 million compared to net loss of CAD 0.532752 million a year ago. Basic earnings per share from continuing operations was CAD 0.02 compared to basic loss per share from continuing operations of CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.02 compared to diluted loss per share from continuing operations of CAD 0.01 a year ago.