trending Market Intelligence /marketintelligence/en/news-insights/trending/38rSHQWmGUMOF__Uk_vgDg2 content esgSubNav
In This List

Fox-Wizel Q1 profit falls YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

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

Blog

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

Blog

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


Fox-Wizel Q1 profit falls YOY

Fox-Wizel Ltd. said its first-quarter normalized net income amounted to 4 agorot per share, a decline of 85.1% from 27 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 520,880 shekels, a decline of 85.7% from 3.6 million shekels in the prior-year period.

The normalized profit margin fell to 0.1% from 1.6% in the year-earlier period.

Total revenue increased 40.9% year over year to 317.3 million shekels from 225.2 million shekels, and total operating expenses increased 43.4% from the prior-year period to 319.5 million shekels from 222.8 million shekels.

Reported net income decreased 79.7% on an annual basis to 1.0 million shekels, or 8 agorot per share, from 5.0 million shekels, or 38 agorot per share.

As of May 28, US$1 was equivalent to 3.87 shekels.