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G. Willi-Food International swings to loss in Q2

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G. Willi-Food International swings to loss in Q2

4915760 said its normalized net income for the second quarter was a loss of 101,250 shekels, compared with income of 3.6 million shekels in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin declined to negative 0.1% from 4.5% in the year-earlier period.

Total revenue declined 10.1% year over year to 71.2 million shekels from 79.2 million shekels, and total operating expenses declined 7.7% on an annual basis to 67.9 million shekels from 73.6 million shekels.

Reported net income came to a loss of 152,000 shekels, or a loss of 1 agorot per share, compared to income of 4.4 million shekels, or 34 agorot per share, in the prior-year period.

s of Aug. 18, US$1 was equivalent to 3.86 shekels.G. Willi-Food International Ltd.

4915760 said its normalized net income for the second quarter was a loss of 101,250 shekels, compared with income of 3.6 million shekels in the year-earlier period.