trending Market Intelligence /marketintelligence/en/news-insights/trending/59DGEo9QGyEiMK5tzZbdYg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Rami Levi Hashikma Marketing Q4 profit climbs 44.8% YOY

Amazon e-commerce sales soar amid COVID-19

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Rami Levi Hashikma Marketing Q4 profit climbs 44.8% YOY

Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. said its fourth-quarter normalized net income was 1.47 shekels per share, a gain of 44.8% from 1.02 shekels per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 19.8 million shekels, an increase of 44.8% from 13.7 million shekels in the prior-year period.

The normalized profit margin climbed to 1.7% from 1.4% in the year-earlier period.

Total revenue climbed 16.7% year over year to 1.15 billion shekels from 988.7 million shekels, and total operating expenses increased 16.0% on an annual basis to 1.12 billion shekels from 968.0 million shekels.

Reported net income rose 11.8% year over year to 17.9 million shekels, or 1.33 shekels per share, from 16.0 million shekels, or 1.19 shekels per share.

For the year, the company's normalized net income totaled 6.17 shekels per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 7.56 shekels.

EPS rose 35.4% from 4.56 shekels in the prior year.

Normalized net income was 83.2 million shekels, a gain of 35.4% from 61.5 million shekels in the prior year.

Full-year total revenue grew 14.0% from the prior-year period to 4.54 billion shekels from 3.98 billion shekels, and total operating expenses rose 13.4% year over year to 4.41 billion shekels from 3.89 billion shekels.

The company said reported net income rose 27.2% on an annual basis to 94.5 million shekels, or 7.01 shekels per share, in the full year, from 74.3 million shekels, or 5.51 shekels per share.

As of March 30, US$1 was equivalent to 3.62 shekels.