C. Mer Industries Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was ILS 154.84 million compared to ILS 113.28 million a year ago. Net income was ILS 2.63 million compared to net loss of ILS 10.08 million a year ago. Basic earnings per share from continuing operations was ILS 0.2 compared to basic loss per share from continuing operations of ILS 0.7 a year ago. Basic earnings per share was ILS 0.2 compared to basic loss per share of ILS 0.77 a year ago. Diluted earnings per share was ILS 0.2 compared to diluted loss per share of ILS 0.76 a year ago.
For the six months, sales was ILS 306.93 million compared to ILS 218.61 million a year ago. Net income was ILS 3.91 million compared to net loss of ILS 9.68 million a year ago. Basic earnings per share from continuing operations was ILS 0.3 compared to basic loss per share from continuing operations of ILS 0.65 a year ago. Basic earnings per share was ILS 0.3 compared to basic loss per share of ILS 0.74 a year ago. Diluted earnings per share was ILS 0.29 compared to diluted loss per share of ILS 0.73 a year ago.