Vehicle Services Group
ambassador
-4.23%
Base:2,480
opening:2,480
High:2,480
low:2,289
change:655,705
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
It is reported that revenues in the fourth quarter of 2020 reached NIS 45 million, compared with NIS 60 million in the corresponding quarter – a decrease of 25%.
Revenues for 2020 reached NIS 181 million, a decrease of 23% compared to revenues of NIS 236 million in the corresponding year last year. The decrease in revenues was due to an erosion in tariffs and a change in the mix of services provided by the company, among other things due to the effects of the corona virus epidemic.
Gross profit in 2020 decreases by 10% And amounted to NIS 35 million (rate of 19.3% of revenues) compared to a gross profit of NIS 39 million (rate of 20.8%) in 2019. The decrease in gross profit is due to an erosion in the company’s customers’ rates in the insurance companies services sector and a change in the service mix .
EBITDA in 2020 decreased by 6% to NIS 31 million, compared to NIS 32 million last year.
The net loss in the fourth quarter of 2020 amounted to NIS 4 million, compared with a net profit of NIS 3 billion in the corresponding period in 2019. The net profit in 2020 amounted to NIS 4 million, compared with a loss in 2019. The net profit includes a non-recurring profit of NIS 12.6 million resulting from the realization of a holding in the company GoTo (Extension here) Following the cessation of the consolidation of Goto reports starting in the third quarter of 2020.
Ambassador’s cash balance and cash value as of December 31, 2020 amounted to NIS 28 million, compared to NIS 12 million on December 31, 2019. After the balance sheet date, the company raised capital of NIS 30 million.
Following the publication of the reports, the company announced a dividend of approximately NIS 2.5 million.
The company is currently traded at a market value of approximately NIS 242 million and a share value of approximately NIS 25 per share.
Referring to the reports, he said David Michael, CEO of the Ambassador Group: “Recent business developments in the company, starting with the strategic acquisition of Trefilog’s locating activity that allows us to provide a holistic solution to our customers, completion of capital raising from leading institutional entities, investments by Adam Neumann and Talcar in Goto, and cessation of capital inflows by the company. Ambassador’s activities and diversification of sources of income “
Comments on the article(0):
Your response has been received and will be published subject to system policies.
Thanks.
For a new response
Your response was not sent due to a communication problem, please try again.
Return to comment