Kamux Oyj Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 10, 2023 at 02:00 am EST
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Kamux Oyj reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EUR 282.4 million compared to EUR 261.7 million a year ago. Net income was EUR 4.8 million compared to EUR 3.6 million a year ago. Basic earnings per share from continuing operations was EUR 0.12 compared to EUR 0.09 a year ago. Diluted earnings per share from continuing operations was EUR 0.12 compared to EUR 0.09 a year ago.
For the nine months, sales was EUR 760.5 million compared to EUR 745.8 million a year ago. Net income was EUR 7.2 million compared to EUR 10.7 million a year ago. Basic earnings per share from continuing operations was EUR 0.18 compared to EUR 0.27 a year ago. Diluted earnings per share from continuing operations was EUR 0.18 compared to EUR 0.27 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.