TGS ASA reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 225.45 million compared to USD 135.34 million a year ago. Net income was USD 16.78 million compared to net loss of USD 1.74 million a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.13 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.
For the nine months, sales was USD 604.93 million compared to USD 497.62 million a year ago. Net income was USD 30.71 million compared to USD 44.61 million a year ago. Basic earnings per share from continuing operations was USD 0.25 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.38 a year ago.