Migdal Insurance and Financial Holdings Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was ILS 8,883.9 million compared to negative revenue of ILS 2,998.41 million a year ago. Net loss was ILS 170.97 million compared to ILS 661.91 million a year ago. Basic loss per share from continuing operations was ILS 0.17 compared to ILS 0.63 a year ago.
For the six months, revenue was ILS 15,272.63 million compared to negative revenue of ILS 741.75 million a year ago. Net loss was ILS 79.98 million compared to net income of ILS 273.48 million a year ago. Basic loss per share from continuing operations was ILS 0.08 compared to basic earnings per share from continuing operations of ILS 0.26 a year ago.