Kvutzat Acro 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 246.66 million compared to ILS 300.18 million a year ago. Revenue was ILS 246.21 million compared to ILS 358.91 million a year ago. Net loss was ILS 1.32 million compared to net income of ILS 75.43 million a year ago. Basic loss per share from continuing operations was ILS 0.03 compared to basic earnings per share from continuing operations of ILS 1.32 a year ago.
For the nine months, sales was ILS 664.95 million compared to ILS 678.93 million a year ago. Revenue was ILS 679.14 million compared to ILS 786.82 million a year ago. Net income was ILS 27.23 million compared to ILS 112.19 million a year ago. Basic earnings per share from continuing operations was ILS 0.47 compared to ILS 2.02 a year ago. Diluted earnings per share from continuing operations was ILS 0.46 compared to ILS 1.99 a year ago.