Metalo Manufacturing Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2017. For the quarter, the company reported net income before taxes of CAD 1,523,121 against loss before taxes of CAD 1,175,213 a year ago. Net income was CAD 1,030,531 against net loss CAD 830,302 a year ago. Net income attributable to shareholders of the corporation was CAD 387,568 or CAD 0.02 per share against net loss attributable to shareholders of the corporation of CAD 255,406 or CAD 0.01 per share a year ago. Cash flows used in operating activities was CAD 298,258 against 153,315 a year ago.

For the six months, the company reported net income before taxes of CAD 614,255 against loss before taxes of CAD 2,193,785 a year ago. Net income was CAD 413,606 against net loss CAD 1,577,701 a year ago. Net income attributable to shareholders of the corporation was CAD 181,007 or CAD 0.01 per share against net loss attributable to shareholders of the corporation of CAD 533,998 or CAD 0.03 per share a year ago.

For the second quarter, the company reported impairment of property & equipment of CAD 20,609.