Strauss Group announced consolidated earnings results for the first quarter of 2016. For the quarter, the company reported sales of ILS 1.88 billion, which was year-over-year is down slightly in shekel terms. In local currency terms, excluding foreign exchange effects, sales actually grew by 4.7%, and with growth rate. Earnings per share were ILS 1 in the quarter. Actual profit was ILS 213 million versus ILS 197 million a year ago. The company went down from ILS 1.9 billion net debt to ILS 1.748 billion, and certainly intend to keep reduce this leverage. The company nevertheless posted a 5.1% higher quarterly net profit of ILS 107 million. The company's gross profit was ILS 726 million, 0.5% down in comparison with the corresponding quarter, although its gross margin rose from 37.8% to 38.6%. Operating profit rose 7.7% to ILS 213 million. The company continues to record negative net cash flow. Cash flow was minus ILS 26 million in the first quarter of 2016, an improvement on the minus ILS 150 million in the corresponding quarter. EBITDA was ILS 269 million compared to ILS 252 million a year ago. EBIT was ILS 213 million compared to ILS 197 million a year ago. EPS was ILS 1.00 compared to ILS 0.95 a year ago. Income before taxes on income was ILS 174 million compared to ILS 127 million a year ago. Attributable to the company's shareholders was ILS 104 million compared to ILS 72 million a year ago. Capex was ILS 56 million compared to ILS 87 million a year ago.