Alvopetro Energy Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 05:46 pm EST
Alvopetro Energy Ltd. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 9.97 million compared to USD 4.88 million a year ago. Net income was USD 1.49 million compared to USD 6.48 million a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.2 a year ago. Diluted earnings per share from continuing operations was USD 0.04 compared to USD 0.19 a year ago.
For the nine months, revenue was USD 23.85 million compared to USD 5.01 million a year ago. Net income was USD 4.04 million compared to USD 2.95 million a year ago. Basic earnings per share from continuing operations was USD 0.12 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.12 compared to USD 0.08 a year ago.