Kardan Israel Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was ILS 40.31 million compared to ILS 66.69 million a year ago. Revenue was ILS 125.69 million compared to ILS 159.68 million a year ago.

Net income was ILS 4.96 million compared to ILS 15.6 million a year ago. Basic earnings per share from continuing operations was ILS 0.03 compared to ILS 0.11 a year ago. Diluted earnings per share from continuing operations was ILS 0.03 compared to ILS 0.11 a year ago.