Shufersal Ltd Reports Earnings Results for the Second Quarter of 2017
Shufersal Ltd. reported earnings results for the second quarter of 2017. The company's quarterly revenue fell slightly, totaling ILS 3.001 billion, down 2.3% in comparison with the ILS 3.072 billion in the second quarter of 2016. The company nevertheless posted a higher net profit of ILS 68 million, up 10% in comparison with the ILS 62 million profit recorded in the second quarter of 2016. Operating profit rose 3% to ILS 121 million. EBITDA rose 8% to ILS 201 million.