C. Mer Industries 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 168.89 million compared to ILS 132.2 million a year ago. Net income was ILS 6.34 million compared to ILS 2.95 million a year ago. Basic earnings per share from continuing operations was ILS 0.48 compared to ILS 0.28 a year ago. Basic earnings per share was ILS 0.48 compared to ILS 0.23 a year ago. Diluted earnings per share was ILS 0.48.
For the nine months, sales was ILS 475.82 million compared to ILS 350.81 million a year ago. Net income was ILS 10.25 million compared to net loss of ILS 6.73 million a year ago. Basic earnings per share from continuing operations was ILS 0.78 compared to basic loss per share from continuing operations of ILS 0.38 a year ago. Basic earnings per share was ILS 0.78 compared to basic loss per share of ILS 0.52 a year ago.