moomoo ID:NaN
Log Out
Log in to access Online Inquiry

Sunshine Oilsands Swings to Q3 Profit as Revenue Swells

MT Newswires ·  {{timeTz}}

02:54 AM EST, 11/15/2021 (MT Newswires) -- Sunshine Oilsands (HKG:2012) turned to profit in the third quarter, aided by a surge in revenue and foreign exchange gains, as well as lower expenses for the period.

Q3 profit attributable to equity holders stood at C$27.5 million ($21.9 million), recovering from a loss of C$12 million a year ago, according to a late Friday filing. Earnings per share hit C$0.11 versus a loss of C$0.09 a year earlier.

Revenue and other income soared to C$43.9 million from C$6 million a year prior.

Foreign exchange gains more than doubled year on year to C$14.3 million from C$6.4 million, while expenses slid to C$16.6 million from C$18.1 million.

In January to September, profit attributable to equity holders reached C$2.1 million versus a loss of C$39.1 million a year ago. Earnings per share came in at C$0.01, rebounding from a loss of C$0.30 a year earlier.

Revenue stood at C$50.4 million versus a loss of C$3.8 million year over year.

Shares of the Canadian oil explorer lost nearly 1% recently.

Price (HKD): $3.19, Change: $-0.02, Percent Change: -0.62%

This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information having regard to your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty as to its adequacy, completeness, accuracy or timeliness for any particular purpose of the above content.

Moomoo is a financial information and trading app offered by Moomoo Technologies Inc.
In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).
In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.
In Australia, financial products and services available through the moomoo app are provided by Futu Securities (Australia) Ltd, an Australian Financial Services Licensee (AFSL No. 224663) regulated by the Australian Securities and Investment Commission (ASIC). Please read and understand our Financial Services Guide, Terms and Conditions, Privacy Policy and other disclosure documents which are available on our websites https://www.futuau.com and https://www.moomoo.com/au. Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd. and Futu Securities (Australia) Ltd are affiliated companies.