The dual society
Willy Food
+ 0.67%
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opening:3,724
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low:3,724
change:148,308
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Reports a decrease of 6.4% in revenues in the fourth quarter, amounted to NIS 109 million, compared with NIS 102.3 million in the corresponding quarter. Operating profit for the quarter amounted to NIS 7.3 million, compared with NIS 12 million in the corresponding quarter. Net income amounted to NIS 14 million, compared with NIS 13 million in the corresponding quarter.
Results of 2020
Sales Increased by 15%, and amounted to NIS 454 million, compared with NIS 396 million last year. The increase is mainly due to an increase in demand for the company’s products in the retail market, however, there has been a decrease in sales to the institutional market (hotels, catering, cafes, restaurants and banquet halls) whose activity has been reduced following the crisis.
Operating profit Increased by about 21.7% and amounted to about NIS 57.6 million, compared to an operating profit of about NIS 47.3 million in 2019.
The net profit Increased by about 1.4 %% and amounted to about NIS 52 million compared to profit before tax in the amount of about NIS 51.5 million in 2019.
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