Kardan Real Estate Enterprise and Development 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 69.11 million compared to ILS 73.6 million a year ago. Revenue was ILS 156.86 million compared to ILS 175.82 million a year ago. Net income was ILS 23.43 million compared to ILS 28.47 million a year ago. Basic earnings per share from continuing operations was ILS 0.13 compared to ILS 0.16 a year ago. Diluted earnings per share from continuing operations was ILS 0.13 compared to ILS 0.15 a year ago.
For the six months, sales was ILS 135.33 million compared to ILS 147.58 million a year ago. Revenue was ILS 316.07 million compared to ILS 348.63 million a year ago. Net income was ILS 48.82 million compared to ILS 83.91 million a year ago. Basic earnings per share from continuing operations was ILS 0.26 compared to ILS 0.46 a year ago. Diluted earnings per share from continuing operations was ILS 0.26 compared to ILS 0.45 a year ago.