trending Market Intelligence /marketintelligence/en/news-insights/trending/rQ1xLI5R303uU358ttvBTQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Albaad Massuot Q1 profit falls YOY


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


Industry Top Trends 2021: Oil and Gas


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

The Evolution Of ESG Factors In Credit Risk Assessment: Corporate Governance

Albaad Massuot Q1 profit falls YOY

Albaad Massuot Yitzhak Ltd. said its first-quarter normalized net income came to 91 agorot per share, a decrease of 46.1% from 1.68 shekels per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 9.5 million shekels, a decline of 46.2% from 17.7 million shekels in the prior-year period.

The normalized profit margin dropped to 2.6% from 5.0% in the year-earlier period.

Total revenue climbed year over year to 360.0 million shekels from 352.1 million shekels, and total operating expenses increased 5.8% year over year to 338.9 million shekels from 320.3 million shekels.

Reported net income declined 42.7% on an annual basis to 11.4 million shekels, or 1.08 shekels per share, from 19.9 million shekels, or 1.89 shekels per share.

As of May 26, US$1 was equivalent to 3.88 shekels.