Harel Mallac & Co. Ltd Reports Earnings Results for the First Quarter Ended March 31, 2020

Harel Mallac & Co. is a diversified group. Net sales (including intra-group) break down by activity as follows: - manufacturing of chemicals and fertilizers (78.1%). In addition, the group offers industrial and electric equipments (agrochemicals, air compressors, forklifts, generators, air conditioners, etc.), cosmetic products, adhesives and detergents; - sale of technology products and services (16.5%): design and implementation of technology products, distribution of communication and computing products, support services, etc. Harel Mallac & Co. also provides support services (primarily IT services, tourism services and marketing services); - property management (5.4%). Net sales are distributed geographically as follows: Mauritius (81.4%), Madagascar (3.2%), Reunion (1.4%), and Africa (14%).