Koç Holding A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 01, 2023 at 11:17 am EDT
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Koç Holding A.S. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was TRY 266,540 million compared to TRY 233,773 million a year ago. Revenue was TRY 266,540 million compared to TRY 233,773 million a year ago. Net income was TRY 20,600 million compared to TRY 15,450 million a year ago. Basic earnings per share from continuing operations was TRY 8.126 compared to TRY 6.094 a year ago.
For the six months, sales was TRY 490,302 million compared to TRY 385,878 million a year ago. Revenue was TRY 490,302 million compared to TRY 385,878 million a year ago. Net income was TRY 37,372 million compared to TRY 22,162 million a year ago. Basic earnings per share from continuing operations was TRY 14.742 compared to TRY 8.742 a year ago.
Koc Holding AS is a Turkey-based holding company, which operates in a number of sectors though its subsidiaries. The Company operates under the following business segments: Energy, Automotive, Consumer Durables, Finance and Other. Its Other segment is engaged in the food, retail, tourism, Information Technology (IT) and ship construction activities. The Energy segment is engaged in the power generation, mining, petroleum shipping, and in the production and trading of petroleum products, natural gas and Liquefied Petroleum Gas (LPG) activities. The Automotive segment is engaged in the production, trading, insurance and car rental activities. The Consumer Durables segment is engaged in the production and sale of a range of consumer durables, such as air conditioners. The Finance segment is engaged in the banking, consumer finance, factoring, leasing, brokerage, portfolio management, financial consulting, real estate and insurance activities.
KOÇ HOLDING 
