Kardan Real Estate Enterprise and Development 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 61.06 million compared to ILS 63.17 million a year ago. Revenue was ILS 139.8 million compared to ILS 140.04 million a year ago. Net income was ILS 15.86 million compared to ILS 18.6 million a year ago. Basic earnings per share from continuing operations was ILS 0.09 compared to ILS 0.1 a year ago. Diluted earnings per share from continuing operations was ILS 0.09 compared to ILS 0.1 a year ago.
For the nine months, sales was ILS 196.39 million compared to ILS 210.75 million a year ago. Revenue was ILS 455.87 million compared to ILS 488.67 million a year ago. Net income was ILS 64.68 million compared to ILS 102.51 million a year ago. Basic earnings per share from continuing operations was ILS 0.35 compared to ILS 0.56 a year ago. Diluted earnings per share from continuing operations was ILS 0.35 compared to ILS 0.55 a year ago.