Composite Alliance Group Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was CAD 0.594695 million compared to CAD 0.541103 million a year ago. Net loss was CAD 1.01 million compared to net income of CAD 0.632886 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to basic earnings per share from continuing operations of CAD 0.01 a year ago. Diluted loss per share from continuing operations was CAD 0.01 compared to diluted earnings per share from continuing operations of CAD 0.01 a year ago.
For the six months, sales was CAD 1.57 million compared to CAD 2.61 million a year ago. Net loss was CAD 1.7 million compared to net income of CAD 0.278514 million a year ago. Basic loss per share from continuing operations was CAD 0.02.