Arad Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 93.73 million compared to USD 83.87 million a year ago. Net income was USD 7.83 million compared to USD 6.22 million a year ago. Basic earnings per share from continuing operations was USD 0.317 compared to USD 0.251 a year ago. Diluted earnings per share from continuing operations was USD 0.317.
For the six months, sales was USD 190.1 million compared to USD 161.35 million a year ago. Net income was USD 16.5 million compared to USD 11.74 million a year ago. Basic earnings per share from continuing operations was USD 0.667 compared to USD 0.475 a year ago.