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Advanced Logistics Developments Q1 loss narrows YOY

A.L.D. Advanced Logistics Developments Ltd. said its first-quarter normalized net income came to a loss of 1 agorot per share, compared with a loss of 31 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 a loss of 58,630 shekels, compared with a loss of 1.1 million shekels in the year-earlier period.

The normalized profit margin increased to negative 0.4% from negative 7.0% in the year-earlier period.

Total revenue rose on an annual basis to 15.6 million shekels from 15.0 million shekels, and total operating expenses fell from the prior-year period to 15.5 million shekels from 15.9 million shekels.

Reported net income came to a loss of 38,000 shekels, or a loss of 1 agorot per share, compared to a loss of 1.8 million shekels, or a loss of 52 agorot per share, in the prior-year period.

As of May 19, US$1 was equivalent to 3.87 shekels.