Gaon Group 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 170.42 million compared to ILS 174.97 million a year ago. Net loss was ILS 30.98 million compared to net income of ILS 3.76 million a year ago. Basic loss per share from continuing operations was ILS 0.68 compared to basic earnings per share from continuing operations of ILS 0.08 a year ago. Diluted loss per share from continuing operations was ILS 0.68.
For the six months, sales was ILS 331.22 million compared to ILS 335.71 million a year ago. Net loss was ILS 28.35 million compared to net income of ILS 8.31 million a year ago. Basic loss per share from continuing operations was ILS 0.62 compared to basic earnings per share from continuing operations of ILS 0.18 a year ago.