trending Market Intelligence /marketintelligence/en/news-insights/trending/Xtq-fgI6Udyucig4q1KuVg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Carmit Candy Industries Q3 profit falls YOY


M&A rebound sparks optimism for near-term deal activity


Fintech Intelligence Newsletter: February 2021


Q&A: Navigating Climate Risk as a Financial Risk


Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Carmit Candy Industries Q3 profit falls YOY

Carmit Candy Industries Ltd. said its normalized net income for the third quarter was 6 agorot per share, a decline of 63.0% from 17 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 351,250 shekels, a decline of 63.0% from 950,000 shekels in the year-earlier period.

The normalized profit margin fell to 1.0% from 3.0% in the year-earlier period.

Total revenue increased 9.7% on an annual basis to 34.8 million shekels from 31.7 million shekels, and total operating expenses increased 11.2% on an annual basis to 33.4 million shekels from 30.0 million shekels.

Reported net income fell 59.2% from the prior-year period to 421,000 shekels, or 8 agorot per share, from 1.0 million shekels, or 19 agorot per share.

As of Nov. 29, US$1 was equivalent to 3.84 shekels.