Taal Distributed Information Technologies Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was CAD 7.25 million compared to CAD 6.66 million a year ago. Net income was CAD 16.27 million compared to net loss of CAD 10.14 million a year ago. Basic earnings per share from continuing operations was CAD 0.4 compared to basic loss per share from continuing operations of CAD 0.29 a year ago. Diluted earnings per share from continuing operations was CAD 0.33 compared to diluted loss per share from continuing operations of CAD 0.29 a year ago.
For the six months, revenue was CAD 15.97 million compared to CAD 7.62 million a year ago. Net income was CAD 3.6 million compared to net loss of CAD 7.5 million a year ago. Basic earnings per share from continuing operations was CAD 0.1 compared to basic loss per share from continuing operations of CAD 0.24 a year ago. Diluted earnings per share from continuing operations was CAD 0.08 compared to diluted loss per share from continuing operations of CAD 0.24 a year ago.