G. Willi Food-International Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
May 24, 2018 at 09:07 am EDT
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G. Willi Food-International Ltd. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced sales of ILS 93,371,000 compared to ILS 83,291,000 for the same period a year ago. Operating profit was ILS 9,556,000 compared to ILS 6,662,000 for the same period a year ago. Income before taxes on income was ILS 9,533,000 compared to ILS 5,791,000 for the same period a year ago. Profit for the period was ILS 7,210,000 compared to ILS 4,294,000 for the same period a year ago. Earnings per diluted share was ILS 0.54 compared to ILS 0.32 for the same period a year ago. Net cash from operating activities was ILS 3,296,000 compared to net cash used in operating activities of ILS 43,315,000 for the same period a year ago. Acquisition of property plant and equipment was ILS 57,000 compared to ILS 311,000 for the same period a year ago. Sales increased in the first quarter of 2018 primarily due redirection of resources in favor of sales, increasing the range of the Company's products and proper inventory management.
G. Willi-Food International Ltd. is a holding company. The Company is engaged directly and through subsidiaries, in the development, import, export, marketing and distribution of a range of over 600 food products around the world. The principal products in the import segment product line include Canned Vegetables and Pickles, Canned Fish, Canned Fruit, Edible Oils, Dairy and Dairy Substitute Products, Dried Fruit, Nuts and Beans, and Other Products. Its brands include Willi-Food, Gold-Frost, Gold Food, Tifeeret, Donna Rozza, Completa, Raskas and Del Monte, among others. The Company's products are marketed and sold to approximately 1,500 customers throughout Israel and outside of Israel. The Company's customers generally fall within one of the two groups, including retail supermarket chains in the organized market, and private supermarket chains, mini-markets, wholesalers, food manufacturers, institutional consumers, such as catering halls, hotels, hospitals and food producers.
G. WILLI-FOOD INTERNATIONAL LTD. 
