Africa Israel Residences 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 302.48 million compared to ILS 221.4 million a year ago. Net income was ILS 33.3 million compared to ILS 27.76 million a year ago. Basic earnings per share from continuing operations was ILS 2.63 compared to ILS 2.2 a year ago.
For the nine months, sales was ILS 858.39 million compared to ILS 719.92 million a year ago. Net income was ILS 96.47 million compared to ILS 151.4 million a year ago. Basic earnings per share from continuing operations was ILS 7.63 compared to ILS 11.97 a year ago.