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Zanlakol Q3 profit climbs YOY

Zanlakol Ltd. said its normalized net income for the third quarter amounted to 30 agorot per share, a gain from 30 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 4.3 million shekels, an increase from 4.3 million shekels in the prior-year period.

The normalized profit margin fell to 8.0% from 8.4% in the year-earlier period.

Total revenue grew 7.4% on an annual basis to 54.3 million shekels from 50.5 million shekels, and total operating expenses grew 8.9% year over year to 46.6 million shekels from 42.8 million shekels.

Reported net income totaled 5.0 million shekels, or 35 agorot per share, compared to 5.0 million shekels, or 35 agorot per share, in the year-earlier period.

As of Nov. 19, US$1 was equivalent to 3.88 shekels.