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Azrieli Group FY'18 EPS falls 16.4% YOY

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Azrieli Group FY'18 EPS falls 16.4% YOY

Azrieli Group said its EPS for the full year was 10.04 New Israeli shekels per share, a decrease of 16.4% from 12.01 shekels per share in the year-earlier period.

Net profit for the period attributable to the shareholders totaled 1.22 billion shekels, a decline of 16.3% from 1.46 billion shekels in the prior-year period.

EPS from continuing operations decreased 16.2% on an annual basis to 10.06 shekels from 12.01 shekels, and revenues declined 7.6% year over year to 2.41 billion shekels from 2.60 billion shekels.

Comprehensive income to shareholders and noncontrolling interests totaled 1.32 billion shekels, compared with 1.48 billion shekels in the year-earlier period.

The Israeli property company will pay a dividend of 4.62 shekels per share May 6, higher than the 4.28 shekels-per-share dividend it distributed in 2018.

As of March 19, US$1 was equivalent to 3.60 shekels.