Meshek Energy - Renewable Energies 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 22.27 million compared to ILS 17.59 million a year ago. Revenue was ILS 25.41 million compared to ILS 20.61 million a year ago. Net income was ILS 62.68 million compared to ILS 27.66 million a year ago. Basic earnings per share from continuing operations was ILS 0.09 compared to ILS 0.05 a year ago. Diluted earnings per share from continuing operations was ILS 0.09 compared to ILS 0.05 a year ago.
For the nine months, sales was ILS 55.37 million compared to ILS 47.1 million a year ago. Revenue was ILS 62.98 million compared to ILS 52.6 million a year ago. Net income was ILS 21.77 million compared to net loss of ILS 19.16 million a year ago. Basic earnings per share from continuing operations was ILS 0.04 compared to basic loss per share from continuing operations of ILS 0.05 a year ago. Diluted earnings per share from continuing operations was ILS 0.04 compared to diluted loss per share from continuing operations of ILS 0.05 a year ago.