Africa Israel Residences 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 325.37 million compared to ILS 322.95 million a year ago. Net income was ILS 40.03 million compared to ILS 104.98 million a year ago. Basic earnings per share from continuing operations was ILS 3.17 compared to ILS 8.3 a year ago.
For the six months, sales was ILS 555.9 million compared to ILS 498.52 million a year ago. Net income was ILS 63.17 million compared to ILS 123.64 million a year ago. Basic earnings per share from continuing operations was ILS 5 compared to ILS 9.78 a year ago. Diluted earnings per share from continuing operations was ILS 5.