Avgol Industries 1953 Ltd reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 78.28 million compared to USD 99.84 million a year ago. Net income was USD 1.52 million compared to USD 5.04 million a year ago. Basic earnings per share from continuing operations was USD 0.005 compared to USD 0.017 a year ago. Diluted earnings per share from continuing operations was USD 0.005 compared to USD 0.017 a year ago.
For the six months, sales was USD 158.32 million compared to USD 214.49 million a year ago. Net income was USD 2.34 million compared to USD 17.31 million a year ago. Basic earnings per share from continuing operations was USD 0.008 compared to USD 0.058 a year ago. Diluted earnings per share from continuing operations was USD 0.008 compared to USD 0.058 a year ago.