Razor Energy Corp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 19.1 million compared to CAD 32.39 million a year ago. Net income was CAD 57.97 million compared to net loss of CAD 2.28 million a year ago. Basic earnings per share from continuing operations was CAD 2.14 compared to basic loss per share from continuing operations of CAD 0.08 a year ago. Diluted earnings per share from continuing operations was CAD 2.14 compared to diluted loss per share from continuing operations of CAD 0.08 a year ago. Basic earnings per share was CAD 2.16 compared to basic loss per share of CAD 0.09 a year ago. Diluted earnings per share was CAD 2.16 compared to diluted loss per share of CAD 0.09 a year ago.
For the six months, revenue was CAD 39.31 million compared to CAD 59.72 million a year ago. Net income was CAD 49.57 million compared to net loss of CAD 3.05 million a year ago. Basic earnings per share from continuing operations was CAD 1.89 compared to basic loss per share from continuing operations of CAD 0.11 a year ago. Diluted earnings per share from continuing operations was CAD 1.89 compared to diluted loss per share from continuing operations of CAD 0.11 a year ago. Basic earnings per share was CAD 1.9 compared to basic loss per share of CAD 0.13 a year ago. Diluted earnings per share was CAD 1.9 compared to diluted loss per share of CAD 0.13 a year ago.