Adgar Investments and Development 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 81.45 million compared to ILS 70.45 million a year ago. Revenue was ILS 77.25 million compared to ILS 84.32 million a year ago. Net income was ILS 2.43 million compared to ILS 17.35 million a year ago. Basic earnings per share from continuing operations was ILS 0.01 compared to ILS 0.11 a year ago. Diluted earnings per share from continuing operations was ILS 0.01.
For the nine months, sales was ILS 238.27 million compared to ILS 206.93 million a year ago. Revenue was ILS 205.47 million compared to ILS 262.75 million a year ago. Net loss was ILS 27.85 million compared to net income of ILS 33.25 million a year ago. Basic loss per share from continuing operations was ILS 0.17 compared to basic earnings per share from continuing operations of ILS 0.2 a year ago.