Shalag Industries 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 172.04 million compared to ILS 172.22 million a year ago. Net income was ILS 18.59 million compared to net loss of ILS 1.3 million a year ago. Basic earnings per share from continuing operations was ILS 0.506 compared to basic loss per share from continuing operations of ILS 0.035 a year ago.
For the nine months, sales was ILS 526.75 million compared to ILS 529.73 million a year ago. Net income was ILS 55.03 million compared to ILS 13.66 million a year ago. Basic earnings per share from continuing operations was ILS 1.497 compared to ILS 0.372 a year ago.