04:43 PM EDT, 03/27/2024 (MT Newswires) -- The Westaim Corporation ( WEDXF ) Wednesday announced its audited financial results for the quarter and full year ending Dec. 31, 2023.

Westaim ( WEDXF ) recorded a net profit of US$35.1 million (US$0.26 diluted earnings per share) for Q4 2023 compared to a net profit of US$32.8 million (US$0.23 diluted earnings per share) for Q4 2022. For the full year ended Dec. 31, 2023 Westaim ( WEDXF ) recorded a net profit of US$183.9 million (US$1.32 diluted earnings per share) compared to a net profit of US$18.0 million (US$0.12 diluted earnings per share) for 2022.

At Dec. 31, 2023, Westaim's ( WEDXF ) consolidated shareholders' equity was $518.3 million and the company had 131.7 million common shares outstanding. Book value per fully diluted share was US$3.83 ($5.08) at Dec. 31, 2023, compared to US$2.56 ($3.46) at Dec. 31, 2022

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