American Realty Investors, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 11.39 million compared to USD 7.26 million a year ago. Revenue was USD 12.24 million compared to USD 8.13 million a year ago. Net income was USD 0.125 million compared to USD 16.31 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 1.01 a year ago.
For the six months, sales was USD 22.4 million compared to USD 14.74 million a year ago. Revenue was USD 23.93 million compared to USD 15.92 million a year ago. Net income was USD 3.1 million compared to USD 27.63 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 1.71 a year ago.