Arad Investment & Industrial Development Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was ILS 850.05 million compared to ILS 821.86 million a year ago. Revenue was ILS 872.7 million compared to ILS 1,029.99 million a year ago. Net income was ILS 48.1 million compared to ILS 109.63 million a year ago. Basic earnings per share from continuing operations was ILS 7.07 compared to ILS 15.94 a year ago. Diluted earnings per share from continuing operations was ILS 7.07.
For the six months, sales was ILS 1,688.28 million compared to ILS 1,545.38 million a year ago. Revenue was ILS 1,720.87 million compared to ILS 1,757.26 million a year ago. Net income was ILS 90.47 million compared to ILS 140.55 million a year ago. Basic earnings per share from continuing operations was ILS 13.3 compared to ILS 19.97 a year ago.