Koç Holding A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 11:31 am EDT
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Koç Holding 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 396,016 million compared to TRY 260,994 million a year ago. Revenue was TRY 396,016 million compared to TRY 260,994 million a year ago. Net income was TRY 36,303 million compared to TRY 19,859 million a year ago. Basic earnings per share from continuing operations was TRY 14.321 compared to TRY 7.834 a year ago.
For the nine months, sales was TRY 886,318 million compared to TRY 646,872 million a year ago. Revenue was TRY 886,318 million compared to TRY 646,872 million a year ago. Net income was TRY 73,675 million compared to TRY 42,021 million a year ago. Basic earnings per share from continuing operations was TRY 29.063 compared to TRY 16.577 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 
