trending Market Intelligence /marketintelligence/en/news-insights/trending/hNuPt7DWmKkbg5riSE-NGA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Argaman Industries Q1 loss narrows YOY


So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?


Industry Top Trends 2021: Oil and Gas


Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Argaman Industries Q1 loss narrows YOY

Argaman Industries Ltd. said its first-quarter normalized net income amounted to a loss of 3 agorot per share, compared with a loss of 7 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 419,000 shekels, compared with a loss of 1.0 million shekels in the prior-year period.

The normalized profit margin climbed to negative 2.2% from negative 4.5% in the year-earlier period.

Total revenue fell 13.7% year over year to 19.2 million shekels from 22.2 million shekels, and total operating expenses decreased 12.1% year over year to 19.3 million shekels from 22.0 million shekels.

Reported net income totaled a loss of 687,000 shekels, or a loss of 5 agorot per share, compared to a loss of 2.1 million shekels, or a loss of 14 agorot per share, in the prior-year period.

As of May 28, US$1 was equivalent to 3.87 shekels.