Hagag Europe Development Z.F. Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was EUR 0.552 million compared to EUR 0.357 million a year ago. Revenue was EUR 2.26 million compared to EUR 1.58 million a year ago.

Net loss was EUR 0.959 million compared to EUR 1.98 million a year ago. Basic loss per share from continuing operations was EUR 0.02 compared to EUR 0.05 a year ago. Diluted loss per share from continuing operations was EUR 0.02.