Varia US Properties AG reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 28.77 million compared to USD 31.53 million a year ago. Negative revenue was USD 28.22 million compared to revenue of USD 64.69 million a year ago. Net loss was USD 44.97 million compared to net income of USD 18.36 million a year ago. Basic loss per share from continuing operations was USD 4.44 compared to basic earnings per share from continuing operations of USD 1.81 a year ago.
For the nine months, sales was USD 95.74 million compared to USD 93.51 million a year ago. Negative revenue was USD 5.83 million compared to revenue of USD 313.63 million a year ago. Net loss was USD 91.9 million compared to net income of USD 163.87 million a year ago. Basic loss per share from continuing operations was USD 9.08 compared to basic earnings per share from continuing operations of USD 16.18 a year ago. Diluted loss per share from continuing operations was USD 9.08 compared to diluted earnings per share from continuing operations of USD 16.18 a year ago.