Electra Consumer Products presents strong results with dramatic improvement in Carrefour in the second quarter of 2024
Electra Consumer Products begins 2024 with strong results in the first quarter compared to the same quarter last year
Raised approximately 57 Million NIS in a private share issue for a leading institutional investor
Electra Consumer Products equips itself with cash and strengthens equity in preparation for the continued implementation of the company’s business development plan
The company’s revenues in the first nine months of 2023 increased by about 5% to about NIS 4.9 billion, excluding the food sector, the net profit for shareholders during the reporting period amounted to about NIS 65 million
Electra Consumer Products; Revenues in the second quarter of 2022 increased by about 70% to about NIS 1.5 billion, The increase in revenues in the quarter is attributed to growth in the sectors of electrical retail and electrical consumer products, as well as to the inclusion of the results of the food sector. The net operating profit in the quarter, excluding the other income section, increased by about 27.5% to about NIS 54.8 million
Electra Consumer Products opens the year with a quarter of growth: Revenues in the first quarter of 2022 increased by about 108% to about NIS 1.45 billion. The increase in income – mainly from the inclusion of Bitan Wines’ results. The net profit in the first quarter increased by about 17.6% to about NIS 41.8 million
Maalot S&P confirmed the rating of Electra Consumer Products; ‘-ilAA’ on a steady horizon. The rating company noted the company’s leading position in the sector of electrical consumer products and climate systems, and the high synergy between the group’s divisions; In its estimation, the conversion of the company’s food chain branches under the Carrefour brand and the operation of the 7-Elevn convenience store chain will support the growth of business activity
