Mehadrin 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 261.82 million compared to ILS 239.53 million a year ago. Net loss was ILS 32.8 million compared to ILS 78.27 million a year ago. Basic loss per share from continuing operations was ILS 9.87 compared to ILS 23.54 a year ago. Diluted loss per share from continuing operations was ILS 9.87 compared to ILS 23.54 a year ago.
For the six months, sales was ILS 707.41 million compared to ILS 626.63 million a year ago. Net income was ILS 24.34 million compared to net loss of ILS 45.14 million a year ago. Basic earnings per share from continuing operations was ILS 7.32 compared to basic loss per share from continuing operations of ILS 13.58 a year ago. Diluted earnings per share from continuing operations was ILS 7.32 compared to diluted loss per share from continuing operations of ILS 13.58 a year ago.