Koç Holding A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 11:18 am EDT
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Koç Holding A.S. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was TRY 260,994.13 million compared to TRY 91,650.16 million a year ago. Revenue was TRY 260,994.13 million compared to TRY 91,650.16 million a year ago. Net income was TRY 19,860.45 million compared to TRY 4,105.63 million a year ago. Basic earnings per share from continuing operations was TRY 7.834 compared to TRY 1.619 a year ago.
For the nine months, sales was TRY 646,872.24 million compared to TRY 223,609.79 million a year ago. Revenue was TRY 646,872.24 million compared to TRY 223,609.79 million a year ago. Net income was TRY 42,022.33 million compared to TRY 9,417.05 million a year ago. Basic earnings per share from continuing operations was TRY 16.577 compared to TRY 3.714 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 
