trending Market Intelligence /marketintelligence/en/news-insights/trending/5uo4VjYAQzBFQeUFIAuRXQ2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Mehadrin Q2 loss narrows YOY


OTT players find great value in partnerships but still prefer direct-to-consumer


Episode 10: Cloud Pricing & Complexity


Tracking Credit Risk at a Major U.S. Retailer


Global console, mobile and PC gaming drives $175B in content revenue in 2020

Mehadrin Q2 loss narrows YOY

Mehadrin Ltd. said its second-quarter normalized net income amounted to a loss of 6.58 shekels per share, compared with a loss of 8.18 shekels 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 21.9 million shekels, compared with a loss of 27.2 million shekels in the year-earlier period.

The normalized profit margin climbed to negative 6.6% from negative 10.2% in the year-earlier period.

Total revenue grew 14.0% year over year to 303.1 million shekels from 266.0 million shekels, and total operating expenses grew 10.6% on an annual basis to 333.0 million shekels from 301.0 million shekels.

Reported net income came to a loss of 32.4 million shekels, or a loss of 9.75 shekels per share, compared to a loss of 30.7 million shekels, or a loss of 9.24 shekels per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to 3.81 shekels.