G. Willi Food-International Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 15, 2018 at 06:40 am EST
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G. Willi Food-International Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the nine months, the company reported Sales increased ILS 254,221,000 against ILS 239,771,000 last year. Operating profit ILS 27,594,000 against ILS 13,277,000 last year. Income before taxes on income was ILS 30,707,000 against ILS 17,707,000 last year. Profit for the period was ILS 23,977,000 or ILS 1.81 per basic and diluted share against ILS 14,054,000 or ILS 1.06 per basic and diluted share last year. Net cash from operating activities was ILS 17,457,000 against net cash used in operating activities of ILS 5,266,000 last year. Acquisition of property plant and equipment was ILS 1,392,000 against ILS 2,202,000 last year.
For the quarter, the company reported sales increased ILS 82,440,000 against ILS 80,041,000 last year. Operating income decreased ILS 10,467,000 against ILS 8,263,000 last year. Income before taxes on income was ILS 13,124,000 against ILS 10,879,000 last year. Profit for the period was ILS 10,282,000 or ILS 0.78 per basic and diluted share against ILS 8,188,000 or ILS 0.62 per basic and diluted share last year. Net cash from operating activities was ILS 6,337,000 against ILS 31,005,000 last year. Acquisition of property plant and equipment was ILS 815,000 against ILS 609,000 last year.
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. 
