G. Willi-Food International Ltd. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2017
March 14, 2018 at 09:20 am EDT
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G. Willi Food-International Ltd. announced unaudited consolidated earnings results for the year ended December 31, 2017. For the year, the company announced sales of ILS 311,978,000 compared to ILS 294,202,000 for the same period a year ago. Operating profit was ILS 16,765,000 compared to ILS 22,747,000 for the same period a year ago. Income before taxes on income was ILS 26,963,000 compared to ILS 16,179,000 for the same period a year ago. Net income was ILS 21,053,000 compared to ILS 10,852,000 for the same period a year ago. Earnings per share, basic and diluted were ILS 1.58 compared to ILS 0.82 for the same period a year ago. Net cash from continuing operating activities was ILS 13,041,000 compared to ILS 17,352,000 for the same period a year ago. Acquisition of property plant and equipment was ILS 2,650,000 compared to ILS 1,915,000 for the same period a year ago. The increase in sales was primarily due to an increase in personnel in the sales and trade department and due to a strike at the Ministry of Health in the third quarter of 2016 which limited release of goods from the port and caused a decrease of ILS 6 million in sales in 2016.
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. 
