Shaniv Paper Industry Ltd. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced sales was ILS 121.455 million compared to ILS 145.907 million a year ago. Operating income was ILS 7.674 million compared to ILS 21.509 million a year ago. Net income was ILS 6.359 million compared to ILS 10.437 million a year ago. Basic earnings per share from continuing operations was ILS 0.101 compared to ILS 0.176 a year ago.