Genesis Land Development Corp. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was CAD 41.15 million compared to CAD 43.61 million a year ago. Revenue was CAD 41.17 million compared to CAD 43.61 million a year ago. Net income was CAD 2.2 million compared to CAD 1.86 million a year ago. Basic earnings per share from continuing operations was CAD 0.04 compared to CAD 0.04 a year ago.
For the nine months, sales was CAD 131.62 million compared to CAD 86.13 million a year ago. Revenue was CAD 131.71 million compared to CAD 86.2 million a year ago. Net income was CAD 6.46 million compared to CAD 1.46 million a year ago. Basic earnings per share from continuing operations was CAD 0.11 compared to CAD 0.03 a year ago.