Elco Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was ILS 4,943.33 million compared to ILS 4,686.81 million a year ago. Revenue was ILS 4,890.58 million compared to ILS 4,807.87 million a year ago. Net loss was ILS 70.53 million compared to net income of ILS 146.14 million a year ago. Basic loss per share from continuing operations was ILS 2.6 compared to basic earnings per share from continuing operations of ILS 5.38 a year ago. Diluted loss per share from continuing operations was ILS 2.61.
For the nine months, sales was ILS 14,169.51 million compared to ILS 13,857.41 million a year ago. Revenue was ILS 14,237.64 million compared to ILS 14,366.63 million a year ago. Net loss was ILS 192.99 million compared to net income of ILS 625.97 million a year ago. Basic loss per share from continuing operations was ILS 7.11 compared to basic earnings per share from continuing operations of ILS 22.94 a year ago. Diluted loss per share from continuing operations was ILS 7.12 compared to diluted earnings per share from continuing operations of ILS 22.53 a year ago.