The Israel Land Development Company 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 121.47 million compared to ILS 82.98 million a year ago. Revenue was ILS 171.57 million compared to ILS 259.86 million a year ago. Net loss was ILS 36 million compared to net income of ILS 174.6 million a year ago. Basic loss per share from continuing operations was ILS 0.92 compared to basic earnings per share from continuing operations of ILS 4.6 a year ago. Diluted loss per share from continuing operations was ILS 0.92 compared to diluted earnings per share from continuing operations of ILS 4.39 a year ago.
For the six months, sales was ILS 238.19 million compared to ILS 167.32 million a year ago. Revenue was ILS 377.77 million compared to ILS 411.79 million a year ago. Net loss was ILS 18.14 million compared to net income of ILS 207.64 million a year ago. Basic loss per share from continuing operations was ILS 0.46 compared to basic earnings per share from continuing operations of ILS 5.47 a year ago. Diluted loss per share from continuing operations was ILS 0.46 compared to diluted earnings per share from continuing operations of ILS 5.22 a year ago.