Torrent Capital Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

Torrent Capital Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported negative revenue was CAD 1.91 million compared to CAD 5.11 million a year ago. Net loss was CAD 1.82 million compared to CAD 4.66 million a year ago. Basic loss per share from continuing operations was CAD 0.07 compared to CAD 0.19 a year ago. Diluted loss per share from continuing operations was CAD 0.07 compared to CAD 0.19 a year ago.
For the six months, negative revenue was CAD 3.78 million compared to CAD 7.92 million a year ago. Net loss was CAD 3.66 million compared to CAD 7.34 million a year ago. Basic loss per share from continuing operations was CAD 0.15 compared to CAD 0.3 a year ago. Diluted loss per share from continuing operations was CAD 0.15 compared to CAD 0.3 a year ago.