Strauss Group Ltd. Reports Group Earnings Results for the First Quarter of 2017
Strauss Group Ltd. reported group earnings results for the first quarter of 2017. For the quarter, the company reported sales of ILS 1,408 million against ILS 1,321 million a year ago. Operating profit after other expenses was ILS 208 million against ILS 204 million a year ago. Income before taxes on income was ILS 179 million against ILS 174 million a year ago. Income attributable to the company's shareholders was ILS 107 million against ILS 104 million a year ago. On non-GAAP basis, total sales were ILS 2,083 million against ILS 1,880 million a year ago. EBITDA was ILS 278 million against ILS 269 million a year ago. EBIT was ILS 223 million against ILS 213 million a year ago. Net income attributable to the company's shareholders was ILS 116 million against ILS 107 million a year ago. Earnings per share were ILS 1.08 against ILS 1.00 a year ago. Operating cash outflow was ILS 86 million against ILS 26 million a year ago. Capex was ILS 61 million against ILS 56 million a year ago. Net debt was ILS 2,689 million against ILS 1,748 million a year ago.