Tidewater Renewables Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was CAD 13.16 million compared to CAD 19.73 million a year ago. Net income was CAD 2.65 million compared to CAD 4.36 million a year ago. Basic earnings per share from continuing operations was CAD 0.08 compared to CAD 0.13 a year ago. Diluted earnings per share from continuing operations was CAD 0.07 compared to CAD 0.13 a year ago.
For the six months, sales was CAD 33.06 million compared to CAD 36.98 million a year ago. Net loss was CAD 18.82 million compared to net income of CAD 21.88 million a year ago. Basic loss per share from continuing operations was CAD 0.54 compared to basic earnings per share from continuing operations of CAD 0.63 a year ago. Diluted loss per share from continuing operations was CAD 0.54 compared to diluted earnings per share from continuing operations of CAD 0.63 a year ago.