O.Y. Nofar Energy Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was ILS 73.23 million compared to ILS 91.92 million a year ago. Revenue was ILS 89.24 million compared to ILS 94.51 million a year ago.

Net loss was ILS 22.32 million compared to ILS 7.45 million a year ago. Basic loss per share from continuing operations was ILS 0.66 compared to ILS 0.22 a year ago. Diluted loss per share from continuing operations was ILS 0.66.