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Delta Galil Industries profit holds relatively steady YOY in Q4

Delta Galil Industries Ltd. said its fourth-quarter normalized net income came to 42 cents per share, compared with 42 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $10.8 million, compared with $10.8 million in the year-earlier period.

The normalized profit margin rose to 4.0% from 3.9% in the year-earlier period.

Total revenue rose year over year to $287.1 million from $277.4 million, and total operating expenses grew from the prior-year period to $265.5 million from $255.3 million.

Reported net income decreased 14.6% year over year to $12.3 million, or 48 cents per share, from $14.4 million, or 56 cents per share.

For the year, the company's normalized net income totaled $1.38 per share, a gain from $1.34 per share in the prior year.

Normalized net income was $35.5 million, a gain from $34.5 million in the prior year.

Full-year total revenue increased from the prior-year period to $1.08 billion from $1.03 billion, and total operating expenses increased on an annual basis to $1.01 billion from $961.1 million.

The company said reported net income decreased 5.9% year over year to $43.9 million, or $1.71 per share, in the full year, from $46.7 million, or $1.82 per share.