I.B.I.- Managing & Underwriting Ltd reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was ILS 7.22 million compared to ILS 10.42 million a year ago. Net income was ILS 2.17 million compared to ILS 3.27 million a year ago. Basic earnings per share from continuing operations was ILS 0.07 compared to ILS 0.16 a year ago. Diluted earnings per share from continuing operations was ILS 0.07 compared to ILS 0.15 a year ago.
For the nine months, revenue was ILS 23.34 million compared to ILS 43.45 million a year ago. Net income was ILS 7.84 million compared to ILS 15.65 million a year ago. Basic earnings per share from continuing operations was ILS 0.32 compared to ILS 0.71 a year ago. Diluted earnings per share from continuing operations was ILS 0.32 compared to ILS 0.71 a year ago.