Summit Real Estate Holdings 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 235.84 million compared to ILS 183.05 million a year ago. Revenue was ILS 240.04 million compared to ILS 183.05 million a year ago. Net loss was ILS 123.96 million compared to net income of ILS 207.91 million a year ago. Basic loss per share from continuing operations was ILS 1.79 compared to basic earnings per share from continuing operations of ILS 3 a year ago. Diluted loss per share from continuing operations was ILS 1.79 compared to diluted earnings per share from continuing operations of ILS 3 a year ago.
For the six months, sales was ILS 455.72 million compared to ILS 343.41 million a year ago. Revenue was ILS 462.07 million compared to ILS 343.41 million a year ago. Net loss was ILS 70.6 million compared to net income of ILS 263.91 million a year ago. Basic loss per share from continuing operations was ILS 1.02 compared to basic earnings per share from continuing operations of ILS 3.81 a year ago. Diluted loss per share from continuing operations was ILS 1.02 compared to diluted earnings per share from continuing operations of ILS 3.8 a year ago.