Karsan Otomotiv Sanayii ve Ticaret A.S. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was TRY 1,263.3 million compared to TRY 664.19 million a year ago. Net loss was TRY 65.79 million compared to net income of TRY 2.15 million a year ago. Basic loss per share from continuing operations was TRY 0.08.
For the nine months, sales was TRY 3,685.35 million compared to TRY 1,733.84 million a year ago. Net income was TRY 8.7 million compared to TRY 18.85 million a year ago. Basic earnings per share from continuing operations was TRY 0.01 compared to TRY 0.021 a year ago.