Adgar Investments and Development 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 80.61 million compared to ILS 69.42 million a year ago. Revenue was ILS 51.88 million compared to ILS 108.63 million a year ago. Net loss was ILS 39.43 million compared to net income of ILS 10.47 million a year ago. Basic loss per share from continuing operations was ILS 0.24 compared to basic earnings per share from continuing operations of ILS 0.06 a year ago. Diluted loss per share from continuing operations was ILS 0.24.
For the six months, sales was ILS 156.82 million compared to ILS 136.48 million a year ago. Revenue was ILS 128.22 million compared to ILS 178.43 million a year ago. Net loss was ILS 30.27 million compared to net income of ILS 15.9 million a year ago. Basic loss per share from continuing operations was ILS 0.18 compared to basic earnings per share from continuing operations of ILS 0.1 a year ago.