Merchants' National Properties, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 2.56 million compared to USD 2.58 million a year ago. Revenue was USD 4.31 million compared to USD 4.42 million a year ago. Net income was USD 3.29 million compared to net loss of USD 6.01 million a year ago. Basic earnings per share from continuing operations was USD 36.25 compared to basic loss per share from continuing operations of USD 65.61 a year ago.
For the six months, sales was USD 5.32 million compared to USD 5.3 million a year ago. Revenue was USD 8.84 million compared to USD 8.81 million a year ago. Net income was USD 6.44 million compared to net loss of USD 13.55 million a year ago. Basic earnings per share from continuing operations was USD 71.07 compared to basic loss per share from continuing operations of USD 147.91 a year ago.