Arad Ltd. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 96.37 million compared to USD 77.48 million a year ago. Net income was USD 8.67 million compared to USD 5.53 million a year ago.

Basic earnings per share from continuing operations was USD 0.35 compared to USD 0.224 a year ago.