Gan Shmuel Foods Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 70.11 million compared to USD 57.38 million a year ago. Net income was USD 2.28 million compared to net loss of USD 5.44 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to basic loss per share from continuing operations of USD 0.36 a year ago. Diluted earnings per share from continuing operations was USD 0.15.
For the six months, sales was USD 124.14 million compared to USD 109.98 million a year ago. Net income was USD 4.86 million compared to net loss of USD 4.41 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to basic loss per share from continuing operations of USD 0.29 a year ago.