trending Market Intelligence /marketintelligence/en/news-insights/trending/p9r9OAiXNW4U_iTsa2Qy0w2 content esgSubNav
In This List

Carmit Candy Industries Q1 profit falls YOY

Blog

Banking Essentials Newsletter: June 12th Edition

Blog

S&P 500 Q4 2023 Sector Earnings & Revenue Data

Podcast

Next in Tech | Episode 171: Concerns About Fraud Drive AI Investment

Podcast

Street Talk | Episode 127: The 'knife fight' for deposits could spur more bank deals


Carmit Candy Industries Q1 profit falls YOY

Carmit Candy Industries Ltd. said its normalized net income for the first quarter was 2 agorot per share, a decrease of 59.7% from 5 agorot per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 104,380 shekels, a decrease of 59.7% from 258,750 shekels in the prior-year period.

The normalized profit margin dropped to 0.3% from 0.8% in the year-earlier period.

Total revenue rose year over year to 32.2 million shekels from 31.0 million shekels, and total operating expenses increased from the prior-year period to 31.5 million shekels from 30.5 million shekels.

Reported net income decreased 58.7% from the prior-year period to 129,000 shekels, or 2 agorot per share, from 312,000 shekels, or 6 agorot per share.

As of May 27, US$1 was equivalent to 3.88 shekels.