Avila Energy Corporation reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 0.841204 million compared to CAD 0.100212 million a year ago. Net income was CAD 2.42 million compared to net loss of CAD 0.209996 million a year ago. Basic earnings per share from continuing operations was CAD 0.06 compared to basic loss per share from continuing operations of CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to diluted loss per share from continuing operations of CAD 0.01 a year ago.
For the nine months, revenue was CAD 1.99 million compared to CAD 0.192668 million a year ago. Net income was CAD 2.73 million compared to net loss of CAD 0.33997 million a year ago. Basic earnings per share from continuing operations was CAD 0.07 compared to basic loss per share from continuing operations of CAD 0.01 a year ago. Diluted earnings per share from continuing operations was CAD 0.04 compared to diluted loss per share from continuing operations of CAD 0.01 a year ago.