Avgol Industries 1953 Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 80.28 million compared to USD 109.82 million a year ago. Net income was USD 3.47 million compared to USD 5.51 million a year ago. Basic earnings per share from continuing operations was USD 0.012 compared to USD 0.019 a year ago. Diluted earnings per share from continuing operations was USD 0.012 compared to USD 0.019 a year ago.
For the nine months, sales was USD 238.6 million compared to USD 324.3 million a year ago. Net income was USD 5.8 million compared to USD 22.82 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.077 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.077 a year ago.