Shufersal Ltd. announced earnings results for the first quarter of 2016. The company reported a slight rise in revenue from ILS 2.8 billion in the first quarter of 2015 to ILS 2.9 billion in the first quarter of 2016. Same-stores sales were up 3.6%, compared with the corresponding quarter last year, despite the Passover holiday, which fell in the second quarter this year. Operating profit totaled ILS 744 million, 26% of sales turnover, compared with ILS 630 million in the first quarter of 2015. Shufersal reported ILS 53 million net profit, four times its ILS 13 million net profit in the first quarter of 2015.