Automatic Systems Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was MUR 88.6 million compared to MUR 151 million a year ago. Net loss was MUR 2.8 million compared to net income of MUR 23.2 million a year ago. Basic loss per share from continuing operations was MUR 0.79 compared to basic earnings per share from continuing operations of MUR 6.56 a year ago.
For the nine months, sales was MUR 220.6 million compared to MUR 263.1 million a year ago. Net loss was MUR 13.7 million compared to net income of MUR 17.7 million a year ago. Basic loss per share from continuing operations was MUR 3.88 compared to basic earnings per share from continuing operations of MUR 5.01 a year ago.