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Apollo Power Q3 loss narrows YOY

Apollo Power Ltd. said its third-quarter normalized net income came to a loss of 10 agorot per share, compared with a loss of 79 agorot per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 229,380 shekels, compared with a loss of 1.5 million shekels in the prior-year period.

Reported net income totaled a loss of 367,000 shekels, or a loss of 17 agorot per share, compared to a loss of 2.4 million shekels, or a loss of 1.27 shekels per share, in the prior-year period.

As of Nov. 20, US$1 was equivalent to 3.88 shekels.