Sasa’s nine-month net profit decreased by 42 percent compared to last year

Sasa Polyester announced its third quarter financial results to the Public Disclosure Platform (KAP).

Consequently, the company’s gross profit in the third quarter of 2023 increased by approximately 60 percent compared to the same period last year, reaching 2.7 billion Turkish lira. The company announced a gross profit of 1.6 billion Turkish lira in the same period last year.

While the company announced fiscal revenue of 4.5 billion Turkish lira in the third quarter, its total assets for the nine months reached 29.05 billion Turkish lira, an increase of approximately 56 percent compared to the last year.

In the first nine months of the year, the company’s net profit decreased by 42 percent compared to the same period last year, reaching 4 billion 645 million lira. In the same period last year, the company’s profit was 8 billion 8 million lira.

In the first nine months of 2023, the company’s gross profit also decreased. The company, which made a gross profit of 6 billion lira in the same period in 2022, announced a gross profit of 5.4 billion lira in 2023.