trending Market Intelligence /marketintelligence/en/news-insights/trending/5Ytbj_mQKzDKMmYYzq0QVQ2 content esgSubNav
In This List

Strauss Group Q3 profit falls YOY

Blog

Gold - Geopolitical tensions and inflation remain key drivers

Blog

Lithium and Cobalt - Softer demand weighs on prices

Podcast

Street Talk | Episode 94: Recessionary fears in ’22 overblown, Fed could overtighten

Blog

Insight Weekly: Ukraine war impact on mining; US bank growth slowdown; cloud computing headwinds


Strauss Group Q3 profit falls YOY

Strauss Group Ltd. said its third-quarter normalized net income was 54 agorot per share, a decrease of 6.3% from 58 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 58.6 million shekels, a decrease of 6.9% from 63.0 million shekels in the prior-year period.

The normalized profit margin dropped to 4.3% from 4.5% in the year-earlier period.

Total revenue decreased year over year to 1.36 billion shekels from 1.42 billion shekels, and total operating expenses declined year over year to 1.26 billion shekels from 1.32 billion shekels.

Reported net income declined 9.3% from the prior-year period to 68.0 million shekels, or 63 agorot per share, from 75.0 million shekels, or 69 agorot per share.

As of Nov. 24, US$1 was equivalent to 3.86 shekels.