Delek Automotive Systems Ltd. said its normalized net income for the first quarter amounted to 1.34 shekels per share, a gain of 5.0% from 1.28 shekels per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 124.7 million shekels, a gain from 118.9 million shekels in the prior-year period.
The normalized profit margin rose to 10.6% from 10.3% in the year-earlier period.
Total revenue climbed year over year to 1.18 billion shekels from 1.16 billion shekels, and total operating expenses rose on an annual basis to 976.9 million shekels from 949.8 million shekels.
Reported net income increased 21.9% year over year to 170.4 million shekels, or 1.83 shekels per share, from 139.8 million shekels, or 1.50 shekels per share.
As of May 14, US$1 was equivalent to 3.82 shekels.
