Shalag Industries 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 176.2 million compared to ILS 175.78 million a year ago. Net income was ILS 21.26 million compared to ILS 7.67 million a year ago. Basic earnings per share from continuing operations was ILS 0.578 compared to ILS 0.209 a year ago. Diluted earnings per share from continuing operations was ILS 0.578.
For the six months, sales was ILS 354.71 million compared to ILS 357.52 million a year ago. Net income was ILS 36.44 million compared to ILS 14.97 million a year ago. Basic earnings per share from continuing operations was ILS 0.992 compared to ILS 0.407 a year ago.