Gravitas Financial Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 01, 2020 at 02:41 am IST
Gravitas Financial Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was CAD 45,303 compared to CAD 382,760 a year ago. Net income was CAD 84.767 million compared to net loss of CAD 4.058 million a year ago. Basic earnings per share was CAD 1.17 compared to basic loss per share of CAD 0.07 a year ago. Basic earnings per share from continuing operations was CAD 1.17 compared to basic loss per share from continuing operations of CAD 0.03 a year ago. For the half year, total revenue was CAD 82,132 compared to CAD 628,692 a year ago. Net income was CAD 83.999 million compared to net loss of CAD 11.110 million a year ago. Basic earnings per share was CAD 1.16 compared to basic loss per share of CAD 0.19 a year ago. Basic earnings per share from continuing operations was CAD 1.16 compared to basic loss per share from continuing operations of CAD 0.06 a year ago.