Africa Israel Residences Ltd reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was ILS 322.95 million compared to ILS 343.19 million a year ago. Net income was ILS 104.98 million compared to ILS 23.34 million a year ago. Basic earnings per share from continuing operations was ILS 8.3 compared to ILS 1.85 a year ago.
For the six months, sales was ILS 498.52 million compared to ILS 549.92 million a year ago. Net income was ILS 123.64 million compared to ILS 33.42 million a year ago. Basic earnings per share from continuing operations was ILS 9.78 compared to ILS 2.64 a year ago. Diluted earnings per share from continuing operations was ILS 9.78.