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Zanlakol Q3 profit climbs 16.1% YOY

4916700 said its third-quarter normalized net income came to 35 agorot per share, a gain of 16.0% from 30 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 5.0 million shekels, a gain of 16.1% from 4.3 million shekels in the year-earlier period.

The normalized profit margin climbed to 9.0% from 8.0% in the year-earlier period.

Total revenue increased on an annual basis to 55.7 million shekels from 54.3 million shekels, and total operating expenses totaled 46.9 million shekels, compared with 46.6 million shekels in the prior-year period.

Reported net income grew 19.6% year over year to Zanlakol Ltd.