Gaon Group 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 167.88 million compared to ILS 182.55 million a year ago. Net income was ILS 2.05 million compared to ILS 4.28 million a year ago. Basic earnings per share from continuing operations was ILS 0.04 compared to ILS 0.09 a year ago. Diluted earnings per share from continuing operations was ILS 0.04.
For the nine months, sales was ILS 499.1 million compared to ILS 518.27 million a year ago. Net loss was ILS 26.3 million compared to net income of ILS 12.6 million a year ago. Basic loss per share from continuing operations was ILS 0.58 compared to basic earnings per share from continuing operations of ILS 0.28 a year ago.