Arad Investment & Industrial 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 848.88 million compared to ILS 850 million a year ago. Revenue was ILS 859.9 million compared to ILS 917.86 million a year ago. Net income was ILS 40.49 million compared to ILS 64.27 million a year ago. Basic earnings per share from continuing operations was ILS 6.32 compared to ILS 9.45 a year ago. Diluted earnings per share from continuing operations was ILS 6.32.
For the nine months, sales was ILS 2,537.16 million compared to ILS 2,395.37 million a year ago. Revenue was ILS 2,580.76 million compared to ILS 2,675.12 million a year ago. Net income was ILS 130.95 million compared to ILS 204.82 million a year ago. Basic earnings per share from continuing operations was ILS 19.63 compared to ILS 29.43 a year ago.