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Apollo Power Q4 loss widens YOY

Apollo Power Ltd. said its fourth-quarter normalized net income came to a loss of 11 agorot per share, compared with a loss of 3 agorot per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 271,880 shekels, compared with a loss of 61,880 shekels in the prior-year period.

Reported net income came to a loss of 435,000 shekels, or a loss of 18 agorot per share, compared to income of 37.0 million shekels, or 19.42 shekels per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 48 agorot per share, compared with a loss of 3.14 shekels per share in the prior year.

Normalized net income was a loss of 1.0 million shekels, compared with a loss of 6.0 million shekels in the prior year.

The company said reported net income came to a loss of 1.6 million shekels, or a loss of 77 agorot per share, in the full year, compared with income of 23.0 million shekels, or 12.06 shekels per share, the prior year.

As of Feb. 19, US$1 was equivalent to 3.92 shekels.