Max Stock Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 15, 2023 at 07:12 pm EDT
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Max Stock 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 252.77 million compared to ILS 252.71 million a year ago. Net income was ILS 16.6 million compared to ILS 11.33 million a year ago. Basic earnings per share from continuing operations was ILS 0.12 compared to ILS 0.08 a year ago. Diluted earnings per share from continuing operations was ILS 0.12 compared to ILS 0.08 a year ago.
For the six months, sales was ILS 532.39 million compared to ILS 503.58 million a year ago. Net income was ILS 37.52 million compared to ILS 25.3 million a year ago. Basic earnings per share from continuing operations was ILS 0.27 compared to ILS 0.18 a year ago. Diluted earnings per share from continuing operations was ILS 0.27 compared to ILS 0.18 a year ago.
Max Stock Ltd is an Israel-based company, primarily engaged in the commercial retail through operation of a nationwide chain of discount stores. The Company of Max Stock Ltd is currently present in 55 locations throughout Israel. Max Stock Ltd offers a broad assortment of quality products for customersâ everyday needs. The Company imports and sells various non food categories, including household equipment, toys and toddlers, disposable utensils and party, office and school supplies, and other products. The firm's stores are divided into two main types: large stores, under the brand Max, as well as small stores, under the brand Mini Max. The Company operates exclusively in the country of Israel.
MAX STOCK LTD. 
