trending Market Intelligence /marketintelligence/en/news-insights/trending/-500M1w9i-rNe4kNkI7pyA2 content esgSubNav
In This List

Carmit Candy Industries swings to loss in Q1


Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia


Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


How Financial Institutions are Managing Exposure to U.S. Municipals

Carmit Candy Industries swings to loss in Q1

Carmit Candy Industries Ltd. said its normalized net income for the first quarter amounted to a loss of 3 agorot per share, compared with 2 agorot per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 171,250 shekels, compared with income of 104,380 shekels in the year-earlier period.

The normalized profit margin fell to negative 0.5% from 0.3% in the year-earlier period.

Total revenue climbed 6.2% on an annual basis to 34.2 million shekels from 32.2 million shekels, and total operating expenses grew 8.2% year over year to 34.1 million shekels from 31.5 million shekels.

Reported net income came to a loss of 225,000 shekels, or a loss of 4 agorot per share, compared to income of 129,000 shekels, or 2 agorot per share, in the prior-year period.

As of May 26, US$1 was equivalent to 3.83 shekels.