trending Market Intelligence /marketintelligence/en/news-insights/trending/z8phA9UZn_eA1r1x1eD-4A2 content esgSubNav
In This List

Castle Group swings to profit in Q2

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Castle Group swings to profit in Q2

Castle Group Inc. said its second-quarter normalized net income came to $8,850, compared with a loss of $218,600 in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 0.1% from negative 4.1% in the year-earlier period.

Total revenue climbed 10.0% year over year to $5.9 million from $5.4 million, and total operating expenses climbed on an annual basis to $5.8 million from $5.7 million.

Reported net income came to a loss of $4,360, or a loss of 0 cents per share, compared to a loss of $301,620, or a loss of 3 cents per share, in the prior-year period.