Azrieli Group Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was ILS 779 million compared to ILS 711 million a year ago. Revenue was ILS 996 million compared to ILS 1,078 million a year ago. Net income was ILS 352 million compared to ILS 330 million a year ago. Basic earnings per share from continuing operations was ILS 2.9 compared to ILS 2.72 a year ago. Diluted earnings per share from continuing operations was ILS 2.9.
For the nine months, sales was ILS 2,221 million compared to ILS 1,982 million a year ago. Revenue was ILS 3,283 million compared to ILS 3,538 million a year ago. Net income was ILS 1,147 million compared to ILS 1,468 million a year ago. Basic earnings per share from continuing operations was ILS 9.46 compared to ILS 12.1 a year ago.
Azrieli Group Ltd is an Israel-based company. The Company’s activity is divided into five segments : The retail centers and malls in this segment the Group is primarily engaged in development, acquisition, lease-out, management and maintenance of malls and retail centers in Israel. Offices and other space for rent- in this segment the Company Group is primarily engaged in development, acquisition, lease-out, management and maintenance of office buildings and parks for offices and high-tech industry, logistic areas and storage in Israel. Income- producing properties in the U.S. owns 8 leasable office properties outside of Israel. The Company has three senior homes assigned to Senior housing segment. Others is engaged in the data centers business including e-commerce operations, operations in hospitality sector, investment in banking and financial corporations and investments I investments funds.
