Lycos Energy Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was CAD 20.46 million compared to CAD 9.93 million a year ago. Net income was CAD 0.036 million compared to CAD 1.63 million a year ago.
For the six months, revenue was CAD 34.17 million compared to CAD 18.28 million a year ago. Net income was CAD 21.85 million compared to CAD 2.97 million a year ago. Basic earnings per share from continuing operations was CAD 0.56 compared to CAD 2.56 a year ago. Diluted earnings per share from continuing operations was CAD 0.48 compared to CAD 2.56 a year ago.