Africa Israel Residences Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was ILS 230.54 million compared to ILS 175.57 million a year ago. Net income was ILS 23.14 million compared to ILS 18.66 million a year ago.

Basic earnings per share from continuing operations was ILS 1.83 compared to ILS 1.48 a year ago. Diluted earnings per share from continuing operations was ILS 1.83.