Shaniv Paper Industry 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 190.69 million compared to ILS 181.41 million a year ago. Net income was ILS 4.32 million compared to net loss of ILS 0.489 million a year ago. Basic earnings per share from continuing operations was ILS 0.068 compared to basic loss per share from continuing operations of ILS 0.008 a year ago. Diluted earnings per share from continuing operations was ILS 0.068.
For the six months, sales was ILS 413.02 million compared to ILS 354.18 million a year ago. Net income was ILS 8.93 million compared to ILS 2.77 million a year ago. Basic earnings per share from continuing operations was ILS 0.142 compared to ILS 0.044 a year ago.