Shalag Industries Ltd reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was ILS 178.51 million compared to ILS 181.73 million a year ago. Net income was ILS 15.19 million compared to ILS 7.3 million a year ago.

Basic earnings per share from continuing operations was ILS 0.413 compared to ILS 0.199 a year ago.