Israel Petrochemical Enterprises Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was ILS 160.81 million compared to ILS 35.56 million a year ago. Net income was ILS 17.19 million compared to net loss of ILS 40.78 million a year ago. Basic earnings per share from continuing operations was ILS 3.05 compared to basic loss per share from continuing operations of ILS 7.22 a year ago. Diluted earnings per share from continuing operations was ILS 2.85 compared to diluted loss per share from continuing operations of ILS 7.22 a year ago.
For the six months, revenue was ILS 269.76 million compared to ILS 70.98 million a year ago. Net income was ILS 147 million compared to net loss of ILS 32.61 million a year ago. Basic earnings per share from continuing operations was ILS 26.03 compared to basic loss per share from continuing operations of ILS 5.77 a year ago. Diluted earnings per share from continuing operations was ILS 24.37 compared to diluted loss per share from continuing operations of ILS 5.77 a year ago.