trending Market Intelligence /marketintelligence/en/news-insights/trending/LxP7UMUc34fUXL3XqZ8Fsg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Avgol Q3 profit falls YOY

Blog

So, the data lakehouse is now officially a ‘thing’ – what is it and why should you care?

Blog

Industry Top Trends 2021: Oil and Gas

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Industry Top Trends 2021: Metals and Mining


Avgol Q3 profit falls YOY

Avgol Industries 1953 Ltd said its normalized net income for the third quarter came to 2 cents per share, a decline from 2 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 $5.7 million, a decrease from $5.8 million in the year-earlier period.

The normalized profit margin declined to 6.6% from 6.9% in the year-earlier period.

Total revenue increased on an annual basis to $86.0 million from $84.7 million, and total operating expenses fell on an annual basis to $73.0 million from $74.5 million.

Reported net income declined 12.2% year over year to $6.2 million, or 2 cents per share, from $7.1 million, or 2 cents per share.