Ari Real Estate (Arena) Investment 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 28.12 million compared to ILS 24.31 million a year ago. Net income was ILS 10.72 million compared to net loss of ILS 76.01 million a year ago. Basic earnings per share from continuing operations was ILS 0.035 compared to basic loss per share from continuing operations of ILS 0.212 a year ago.
For the nine months, sales was ILS 77.26 million compared to ILS 60.79 million a year ago. Net income was ILS 28.13 million compared to net loss of ILS 49.68 million a year ago. Basic earnings per share from continuing operations was ILS 0.089 compared to basic loss per share from continuing operations of ILS 0.214 a year ago.