trending Market Intelligence /marketintelligence/en/news-insights/trending/8P0xX8kJAcUC2-AomPWvRg2 content esgSubNav
In This List

B Yair Q1 profit falls YOY


Expand Your Perspective: Intelligence


The evolving world of central bank digital currencies


Next in Tech | Episode 66: Connected vehicles in transition


Insight Weekly: US stock market downturn; Chinese bank earnings; Europe's big tech bills

B Yair Q1 profit falls YOY

B.Yair Building Corp. 1988 Ltd. said its normalized net income for the first quarter was 44 agorot per share, a decrease of 73.6% from 1.67 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 3.2 million shekels, a decrease of 68.2% from 10.0 million shekels in the prior-year period.

The normalized profit margin declined to 1.8% from 6.2% in the year-earlier period.

Total revenue rose 8.1% year over year to 174.6 million shekels from 161.5 million shekels, and total operating expenses increased 19.5% year over year to 168.2 million shekels from 140.8 million shekels.

Reported net income declined 85.6% year over year to 5.0 million shekels, or 69 agorot per share, from 34.6 million shekels, or 5.79 shekels per share.

As of May 29, US$1 was equivalent to 3.87 shekels.