Varia US Properties AG reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 34.06 million compared to USD 30.88 million a year ago. Negative revenue was USD 11.06 million compared to revenue of USD 158.88 million a year ago.

Net loss was USD 33.99 million compared to net income of USD 100.83 million a year ago. Basic loss per share from continuing operations was USD 3.36 compared to basic earnings per share from continuing operations of USD 9.96 a year ago. Diluted loss per share from continuing operations was USD 3.36 compared to diluted earnings per share from continuing operations of USD 9.96 a year ago.