G. Willi-Food International Ltd. said its third-quarter normalized net income amounted to 26 agorot per share, a decrease of 46.9% from 49 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 3.4 million shekels, a decline of 46.7% from 6.4 million shekels in the prior-year period.
The normalized profit margin dropped to 4.8% from 8.4% in the year-earlier period.
Total revenue declined 7.6% year over year to 70.6 million shekels from 76.4 million shekels, and total operating expenses decreased 5.9% from the prior-year period to 65.8 million shekels from 69.9 million shekels.
Reported net income fell 38.4% year over year to 4.5 million shekels, or 34 agorot per share, from 7.3 million shekels, or 55 agorot per share.
As of Nov. 22, US$1 was equivalent to 3.87 shekels.