Hemisphere Energy Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 14.8 million compared to CAD 19.53 million a year ago. Net income was CAD 5.79 million compared to CAD 4.13 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to CAD 0.04 a year ago. Diluted earnings per share from continuing operations was CAD 0.06 compared to CAD 0.04 a year ago.
For the six months, revenue was CAD 30.1 million compared to CAD 32.02 million a year ago. Net income was CAD 11.75 million compared to CAD 8.75 million a year ago. Basic earnings per share from continuing operations was CAD 0.12 compared to CAD 0.09 a year ago. Diluted earnings per share from continuing operations was CAD 0.11 compared to CAD 0.09 a year ago.