trending Market Intelligence /marketintelligence/en/news-insights/trending/LWEjO3UolFgvJIs6-hzkeQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Gan Shmuel Foods Q2 profit climbs YOY

Blog

Minimizing Risk at a Bank with a Trade Intelligence Platform

Blog

2021 US broadband forecast lifted by rising digital home profiles

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9


Gan Shmuel Foods Q2 profit climbs YOY

Gan Shmuel Foods Ltd. said its second-quarter normalized net income was 19 cents per share, an increase from 4 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.8 million, a gain from $530,000 in the year-earlier period.

The normalized profit margin climbed to 4.2% from 0.8% in the year-earlier period.

Total revenue increased 5.9% year over year to $66.8 million from $63.1 million, and total operating expenses came to $61.8 million, compared with $62.0 million in the year-earlier period.

Reported net income increased on an annual basis to $4.3 million, or 29 cents per share, from $900,000, or 6 cents per share.