Klil: The quarterly net profit increased by 23% to NIS 13.5 million – the capital market

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Reports a profit of NIS 13.5 million in the fourth quarter, compared to NIS 11 million in the corresponding quarter last year. The increase in net profit was mainly due to the growth in revenues resulting from the improvement in profitability, the net profit in 2020 as a whole amounted to NIS 49.3 million, compared to NIS 53.3 million in 2019, a decrease of 7.5% due to financing revenues in 2019.

Operating profit In the quarter, it increased by 20.5% to NIS 16.2 million, compared to NIS 13.5 million in the corresponding quarter in 2019. In 2020, the operating profit amounted to NIS 64.4 million, similar to 2019; the operating profit rate in 2020 increased to 17.7%, compared To 17.2% in 2019.

Revenue In the quarter, they increased by NIS 14.4 million to NIS 104.8 million, compared with NIS 91.6 million in the corresponding quarter in 2019. The growth in revenues was mainly due to the increase in sales volumes, which was positively affected by the significant increase in the volume of renovations. Revenues in 2020 amounted to NIS 362.7 million, compared with NIS 376.6 million in 2019, a decrease of about 3.7%.

Chairman of the Board of Directors of Klil and the controlling shareholder Zuri Dabush: “We are proud to present for the first time the strategic plan that will accompany us in the coming years. The plan focuses on a number of growth engines, which will allow it to easily realize its growth potential in the future while increasing market share.

Klil Industries, operating since 1950, controlled and led by Tzur Dabush since 2001 (64.76%). The company’s area of ​​practice is the design, manufacture and marketing of aluminum systems (designed windows and doors) for construction and industry. In addition, the company is engaged in the development, import and marketing of fittings, accessories and shutter motors that accompany the aluminum profiles and are needed to manufacture the windows and doors. The company has a private subsidiary, Roll Profile Ltd. (partially owned, 94.7%), which is engaged in the development, production and marketing of shutter systems, shutter stages – light and shutter boxes made of aluminum cans.