Karsan Otomotiv Sanayii ve Ticaret A.S.BIST: KARSN

KARSN: Sharp decline in revenue, profitability, and capacity utilization, with rising net debt

· Issued by Karsan Otomotiv Sanayii ve Ticaret A.S.

Revenue and profitability declined sharply year-over-year, with a net loss and negative gross profit in 2024 Q3. Capacity utilization and sales volumes also fell, while net debt increased and cash flow from operations turned more negative.

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