Max Stock’s quarterly profit soared – the capital market

A chain of home product stores at discounted prices

Max Stock
+ 0.43%

Base:1,382

opening:1,390

High:1,409

low:1,385

change:283,090

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Which completed an IPO in September at a company value of about NIS 1.7 billion, could not have dreamed of a better year for it. Yes, the corona that has hit the economy and forced the public to stay indoors is the most significant reason for the company’s top and bottom line jump. Max Stock reports its financial statements for the fourth quarter of 2020 and for the entire year – and can certainly smile.

The net profit in the fourth quarter of 2020 amounted to NIS 23.5 million, Compared with NIS 14.9 million in the fourth quarter last year, a jump of about 57%. The annual net profit in 2020 amounted to NIS 87.6 million, compared with NIS 70.3 million in 2019, an increase of about 25% (in 2018, the net profit agreement was NIS 58.8 million).

Operating profit in the fourth quarter of 2020 amounted to NIS 39.45 million, Compared with NIS 21.3 million in the corresponding quarter in 2019, a jump of 85%. The operating profit for the whole of 2020 amounted to NIS 150.7 million, compared with NIS 101.5 million in 2019, an increase of about 48% (in 2018, the operating profit amounted to NIS 80 million).

The company’s revenues in the fourth quarter of 2020 amounted to approximately NIS 276 million, Compared with NIS 179.3 million in the fourth quarter last year, a jump of 54%. The company’s revenues for the whole of 2020 amounted to NIS 1 billion, compared with NIS 741 million in 2019, an increase of 36% (in 2018 revenues amounted to NIS 618 million).

The company’s share has climbed by about 11% since it began trading on the stock exchange and the company is now traded at a market value of about NIS 1.97 billion, multiplying by 22.5 over the profit of the last 12 months. In a warning star, it should be noted that when the corona plague is over and the public returns to all stores the company’s profits may not continue to grow at the current rate.