trending Market Intelligence /marketintelligence/en/news-insights/trending/0Oo8yN785ZPIdKXlpRCflA2 content esgSubNav
In This List

Netanel Group swings to loss in Q1

Case Study

A Green Lender Adopts a Robust Approach for Assessing Project Finance Credit Risks


MediaTalk | Season 2
Ep.1: Broadcast's Big Year


Global M&A by the Numbers Q4 2023


Investment Banking Essentials: February 21

Netanel Group swings to loss in Q1

Netanel Group Ltd. said its normalized net income for the first quarter was a loss of 22 agorot per share, compared with 56 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 4.4 million shekels, compared with income of 15.8 million shekels in the prior-year period.

Reported net income came to a loss of 5.0 million shekels, or a loss of 25 agorot per share, compared to income of 18.5 million shekels, or 65 agorot per share, in the prior-year period.

As of May 19, US$1 was equivalent to 3.87 shekels.