trending Market Intelligence /marketintelligence/en/news-insights/trending/TI9ArWJVKcu4WzKHDzjY4A2 content esgSubNav
In This List

Argaman Industries Q2 loss narrows YOY

Case Study

Financial Data Provider Quickly Realizes Value of Upgraded Charting Solution


Insight Weekly: Sustainable bonds face hurdles; bad loans among landlords; AI investments up


European banking sector outlook 2023


No disruption on the road to digitization

Argaman Industries Q2 loss narrows YOY

Argaman Industries Ltd. said its normalized net income for the second quarter amounted to a loss of 2 agorot per share, compared with a loss of 4 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 a loss of 276,500 shekels, compared with a loss of 634,250 shekels in the prior-year period.

The normalized profit margin climbed to negative 1.3% from negative 3.3% in the year-earlier period.

Total revenue increased 7.0% year over year to 20.7 million shekels from 19.4 million shekels, and total operating expenses climbed from the prior-year period to 19.9 million shekels from 19.1 million shekels.

Reported net income came to a loss of 422,000 shekels, or a loss of 3 agorot per share, compared to a loss of 1.0 million shekels, or a loss of 7 agorot per share, in the year-earlier period.

As of Aug. 18, US$1 was equivalent to 3.77 shekels.