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Ralco Agencies Q3 profit climbs 8.5% YOY

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Ralco Agencies Q3 profit climbs 8.5% YOY

4916968 said its third-quarter normalized net income came to 99 agorot per share, an increase of 5.8% from 94 agorot per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 4.0 million shekels, an increase of 8.5% from 3.7 million shekels in the prior-year period.

The normalized profit margin dropped to 5.5% from 5.5% in the year-earlier period.

Total revenue climbed 9.0% on an annual basis to 73.2 million shekels from 67.2 million shekels, and total operating expenses increased 10.7% year over year to 64.7 million shekels from 58.4 million shekels.

Reported net income increased 13.2% year over year to 4.7 million shekels, or 1.16 shekels per share, from 4.2 million shekels, or 1.05 shekels per share.

s of Nov. 22, US$1 was equivalent to 3.87 shekels.Ralco Agencies Ltd.

4916968 said its third-quarter normalized net income came to 99 agorot per share, an increase of 5.8% from 94 agorot per share in the year-earlier period.