Kamux Oyj Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 18, 2022 at 02:00 am EST
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Kamux Oyj reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EUR 261.7 million compared to EUR 254.6 million a year ago. Net income was EUR 3.6 million compared to EUR 7.3 million a year ago. Basic earnings per share from continuing operations was EUR 0.09 compared to EUR 0.18 a year ago. Diluted earnings per share from continuing operations was EUR 0.09 compared to EUR 0.18 a year ago.
For the nine months, sales was EUR 745.8 million compared to EUR 693.3 million a year ago. Net income was EUR 10.7 million compared to EUR 12.3 million a year ago. Basic earnings per share from continuing operations was EUR 0.27 compared to EUR 0.31 a year ago. Diluted earnings per share from continuing operations was EUR 0.27 compared to EUR 0.31 a year ago.
Kamux Oy is a Finland-based company engaged in the retail sale of used cars and light motor vehicles. The Company offers used cars from Finland, Sweden and Germany. In addition, it provides services, such as car insurance and financing. The Company's insurance services are focused on the protection cars from vandalism, animal crash safety, fire safety, theft security, towing safety, among others. The Company's financing services are involved in the consumer lending. Kamux Oy operates via a subsidiary Kamux Suomi Oy, which has a number of stores across Finland located in cities such as Helsinki, Hyvinkaa, Hameenlinna, Jyvaskyla, Kouvola, Kristiinankaupunki, Kuopio, Lahti, Mikkeli, Nummela, Oulu, Pori, Raisio, Rauma, Porvoo, Rovaniemi, Lappeenranta, Tampere and Ylivieska.