trending Market Intelligence /marketintelligence/en/news-insights/trending/zq99NAaK8VS0iG2cMzgBqw2 content esgSubNav
In This List

Golf & Co. Q1 profit climbs 35.4% YOY

Blog

Insights Weekly: Midstream sector gains; loan growth momentum; insurance M&A on the rise

Blog

Global M&A By the Numbers: Q3 2021

Blog

Industries Most and Least Impacted by COVID-19: A Market-Implied Probability of Default Perspective

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond


Golf & Co. Q1 profit climbs 35.4% YOY

Golf & Co Ltd. said its normalized net income for the first quarter amounted to 12 agorot per share, an increase of 34.1% from 9 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 4.6 million shekels, a gain of 35.4% from 3.4 million shekels in the year-earlier period.

The normalized profit margin declined to 2.2% from 2.2% in the year-earlier period.

Total revenue climbed 23.3% on an annual basis to 186.6 million shekels from 151.3 million shekels, and total operating expenses climbed 24.0% year over year to 182.9 million shekels from 147.4 million shekels.

Reported net income grew 71.7% year over year to 6.7 million shekels, or 17 agorot per share, from 3.9 million shekels, or 10 agorot per share.

As of May 15, US$1 was equivalent to 3.81 shekels.