Petro Welt Technologies AG reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was EUR 5.1 million compared to EUR 3.59 million a year ago. Net loss was EUR 8.15 million compared to net income of EUR 1.35 million a year ago. Basic loss per share was EUR 0.17 compared to basic earnings per share of EUR 0.03 a year ago. Diluted loss per share was EUR 0.17 compared to diluted earnings per share of EUR 0.03 a year ago.
For the six months, sales was EUR 7.99 million compared to EUR 5.42 million a year ago. Net loss was EUR 16.12 million compared to net income of EUR 6.23 million a year ago. Basic loss per share was EUR 0.33 compared to basic earnings per share of EUR 0.13 a year ago. Diluted loss per share was EUR 0.33 compared to diluted earnings per share of EUR 0.13 a year ago.