Comet Industries Ltd. reported earnings results for the third quarter and nine months ended October 31, 2023. For the third quarter, the company reported sales was CAD 0.040651 million compared to CAD 0.151712 million a year ago. Net income was CAD 9.63 million compared to net loss of CAD 0.042615 million a year ago. Basic earnings per share from continuing operations was CAD 2.06 compared to basic loss per share from continuing operations of CAD 0.01 a year ago.
For the nine months, sales was CAD 0.323984 million compared to CAD 0.463731 million a year ago. Net income was CAD 9.52 million compared to CAD 0.031439 million a year ago. Basic earnings per share from continuing operations was CAD 2.04 compared to CAD 0.01 a year ago.