trending Market Intelligence /marketintelligence/en/news-insights/trending/jrmEya2XGqw4bz1ksQ1e2A2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Argaman Industries Q3 loss narrows YOY


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain


Fintech Intelligence Newsletter: February 2021


Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Argaman Industries Q3 loss narrows YOY

Argaman Industries Ltd. said its third-quarter normalized net income was a loss of 4 agorot per share, compared with a loss of 7 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 a loss of 554,250 shekels, compared with a loss of 999,250 shekels in the year-earlier period.

The normalized profit margin rose to negative 3.2% from negative 5.7% in the year-earlier period.

Total revenue decreased year over year to 17.3 million shekels from 17.6 million shekels, and total operating expenses held steady year over year at 17.7 million shekels.

Reported net income came to a loss of 889,000 shekels, or a loss of 6 agorot per share, compared to a loss of 1.6 million shekels, or a loss of 11 agorot per share, in the year-earlier period.

As of Nov. 28, US$1 was equivalent to 3.85 shekels.