Arad Investment & Industrial Development Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was ILS 838.23 million compared to ILS 723.52 million a year ago. Revenue was ILS 851.9 million compared to ILS 728.07 million a year ago.

Net income was ILS 42.36 million compared to ILS 30.92 million a year ago. Basic earnings per share from continuing operations was ILS 6.23 compared to ILS 4.29 a year ago. Diluted earnings per share from continuing operations was ILS 6.23.