ELECTRA POWER (2019) 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 159.78 million compared to ILS 170.24 million a year ago. Net loss was ILS 50.54 million compared to net income of ILS 3.16 million a year ago. Basic loss per share from continuing operations was ILS 3.15 compared to basic earnings per share from continuing operations of ILS 0.2 a year ago. Diluted loss per share from continuing operations was ILS 3.15 compared to diluted earnings per share from continuing operations of ILS 0.2 a year ago.
For the nine months, sales was ILS 531.87 million compared to ILS 600.78 million a year ago. Net loss was ILS 63.6 million compared to net income of ILS 14.35 million a year ago. Basic loss per share from continuing operations was ILS 3.96 compared to basic earnings per share from continuing operations of ILS 0.9 a year ago. Diluted loss per share from continuing operations was ILS 3.96 compared to diluted earnings per share from continuing operations of ILS 0.89 a year ago.