2 0 2 4 2 0 2 3 2 0 2 4 2 0 2 3 2 0 2 4 2 0 2 3
---------- ---------- ---------- ---------- ---------- ----------
NIS US dollars (*)
---------------------------------------------- ----------------------
In thousands (except per share and share data)
----------------------------------------------------------------------
Sales 282,694 280,600 146,658 129,244 75,205 74,648
Cost of sales 202,119 214,508 100,734 103,186 53,769 57,065
---------- ---------- ---------- ---------- ---------- ----------
Gross profit 80,575 66,092 45,924 26,058 21,436 17,583
---------- ---------- ---------- ---------- ---------- ----------
Operating costs
and expenses:
Selling
expenses 35,051 38,700 18,576 18,781 9,325 10,295
General and
administrative
expenses 12,685 13,421 6,135 6,304 3,374 3,570
---------- ---------- ---------- ---------- ---------- ----------
Operating
profit before
other expenses
(income) 32,839 13,971 21,213 973 8,737 3,718
---------- ---------- ---------- ---------- ---------- ----------
Other expenses
(income) 11,569 (25) 11,569 - 3,078 (7)
---------- ---------- ---------- ---------- ---------- ----------
Operating
profit after
other expenses
(income) 21,270 13,996 9,644 973 5,659 3,725
---------- ---------- ---------- ---------- ---------- ----------
Financial
income 15,152 6,220 4,188 5,683 4,031 1,655
Financial
expense (1,031) (370) (1,549) (359) (275) (98)
---------- ---------- ---------- ---------- ---------- ----------
Total financial
income 14,121 5,850 2,639 5,324 3,756 1,557
---------- ---------- ---------- ---------- ---------- ----------
Income before
taxes on
income 35,391 19,846 12,283 6,297 9,415 5,282
Taxes on income (9,990) (4,132) (5,436) (1,428) (2,658) (1,099)
---------- ---------- ---------- ---------- ---------- ----------
Profit for the
period 25,401 15,714 6,847 4,869 6,757 4,183
========== ========== ========== ========== ========== ==========
Earnings per
share:
Basic earnings
per share 1.8 1.1 0.5 0.4 0.5 0.3
Diluted
earnings per
share 1.8 1.1 0.5 0.4 0.5 0.3
========== ========== ========== ========== ========== ==========
Shares used in
computation
of basic EPS 13,867,017 13,867,017 13,867,017 13,867,017 13,867,017 13,867,017
========== ========== ========== ========== ========== ==========
Shares used in
computation
of diluted
EPS 13,867,017 13,867,017 13,867,017 13,867,017 13,867,017 13,867,017
========== ========== ========== ========== ========== ==========
Actual number
of shares 13,867,017 13,867,017 13,867,017 13,867,017 13,867,017 13,867,017
========== ========== ========== ========== ========== ==========
(*) Convenience translation into U.S. dollars.
G. WILLI-FOOD INTERNATIONAL LTD.
-------------------------------------------------------------------------------
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
-------------------------------------------------------------------------------
(unaudited)
-------------------------------------------------------------------------------
Six months Three months Six months
ended ended ended
June 30, June 30, June 30,
--------------------- --------------------- ------------------
2 0 2 4 2 0 2 3 2 0 2 4 2 0 2 3 2 0 2 4 2 0 2 3
-------- ----------- -------- ----------- -------- --------
NIS US dollars (*)
-------------------------------------------- ------------------
(in thousands)
----------------------------------------------------------------
CASH FLOWS -
OPERATING
ACTIVITIES
-------------
Profit from
continuing
operations 25,401 15,714 6,847 4,869 6,757 4,183
Adjustments
to reconcile
net profit
to net cash
used to
continuing
operating
activities
(Appendix
A) (40,352) (32,042) (25,571) (184) (10,735) (8,524)
-------- ----------- -------- ----------- -------- --------
Net cash from
(used in)
continuing
operating
activities (14,951) (16,328) (18,724) 4,685 (3,978) (4,341)
-------- ----------- -------- ----------- -------- --------
CASH FLOWS -
INVESTING
ACTIVITIES
-------------
Acquisition
of property
plant and
equipment (3,474) (2,339)(**) (1,081) (1,695)(**) (924) (622)
Acquisition
of property
plant and
equipment
under
construction (18,262) (6,637)(**) (13,941) (470)(**) (4,859) (1,766)
Proceeds from
sale of
property
plant and
Equipment 116 - 116 - 31 -
Proceeds from
sale of
marketable
securities,
net 4,212 16,033 3,589 7,540 1,121 4,265
-------- ----------- -------- ----------- -------- --------
Net cash used
in (from)
continuing
investing
activities (17,408) 7,057 (11,317) 5,375 (4,631) 1,877
-------- ----------- -------- ----------- -------- --------
CASH FLOWS -
FINANCING
ACTIVITIES
-------------
Lease
liability
payments (1,087) (954) (367) (461) (289) (254)
Dividend (9,982) (29,949) (9,982) (29,949) (2,655) (7,967)
-------- ----------- -------- ----------- -------- --------
Net cash used
in
continuing
financing
activities (11,069) (30,903) (10,349) (30,410) (2,944) (8,221)
-------- ----------- -------- ----------- -------- --------
Decrease in
cash and
cash
equivalents (43,428) (40,174) (40,390) (20,350) (11,553) (10,685)
Cash and cash
equivalents
at the
beginning of
the
financial
period 137,466 150,607 134,850 131,472 36,570 40,066
Exchange
gains (loss)
on cash and
cash
equivalents 934 483 512 (206) 248 128
Cash and cash
equivalents
of the end
of the
financial
year 94,972 110,916 94,972 110,916 25,265 29,509
======== =========== ======== =========== ======== ========
(*) Convenience Translation into U.S. Dollars.
(**) Reclassified
G. WILLI-FOOD INTERNATIONAL LTD.
------------------------------------------------------------------------------
APPENDIX A TO CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
------------------------------------------------------------------------------
(unaudited)
------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
------------------------------------------------------------------------------
A. Adjustments to reconcile net profit to net cash from operating
activities:
Six months Three months Six months
ended ended ended
June 30, June 30, June 30,
------------------ ----------------- ------------------
2 0 2 4 2 0 2 3 2 0 2 4 2 0 2 3 2 0 2 4 2 0 2 3
-------- -------- -------- ------- -------- --------
NIS US dollars (*)
------------------------------------- ------------------
(in thousands)
---------------------------------------------------------
Increase (decrease)
in deferred income
taxes 1,213 147 (206) 682 323 39
Unrealized losses
(gain) on
marketable
securities (6,821) (553) 1,226 (3,577) (1,815) (147)
Depreciation and
amortization 2,644 3,336 795 1,711 703 887
Stock based
compensation
reserve 291 690 91 264 77 184
Capital gain on
disposal of
property plant and
equipment - (25) - - - (7)
Exchange losses
(gains) on cash
and cash
equivalents (934) (483) (512) 206 (248) (128)
Changes in assets
and liabilities:
Increase (decrease)
in trade
receivables and
other receivables (1,339) 5,395 (9,021) 16,642 (356) 1,435
increase in
(MORE TO FOLLOW) Dow Jones Newswires
August 13, 2024 09:49 ET (13:49 GMT)
