The company
Ilex Medical
+ 1.27%
Base:11,850
opening:11,730
Tall:12,590
low:11,730
change:1,603,420
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Reports that it has received an order from the Ministry of Defense in the amount of NIS 13 million for the delivery of corona tests by next June. Against the background of the announcement, the company’s share is up 2.5% in trading.
Following that report, earlier this month, the company received another order from the Ministry of Defense in the amount of NIS 13 million, also for delivery by June. Against the background of Israel’s need to carry out additional tests, and the tightening of the conditions for receiving a test, the Ministry of Defense is now increasing the quota that Ilex will provide over that period.
This is the third order that the company receives from the Ministry of Defense, with a total of NIS 85 million in orders. The company’s revenues in the third quarter of the year were NIS 297.5 million, 87% higher than the NIS 158.8 million it entered in the corresponding period in 2019. The net profit amounted to NIS 49.6 million, about 160% more than the NIS 18.2 million it earned in the corresponding quarter.
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