The fashion chain Delta Brands Israel, one of the first to publish the results of 2021, enjoyed the corona. The company is entering a record year with an increase in revenue and profitability. Revenues increased by 26% to NIS 906.1 million. Revenues in the fourth quarter jumped by 30% to NIS 301.4 million.
The company’s net profit jumped 55% to NIS 138.3 million. Profit increased in the fourth quarter by 1% to NIS 49.8 million. Thanks to the profit, the company will distribute a quarterly dividend of NIS 24.9 million, supplementing an annual dividend of NIS 50.3 million. The company reports that the prestigious American lingerie chain Victoria’s Secret has signed a ten-year agreement with it with an option for another ten years. As part of this, the company will open a chain of stores in Israel alongside an online site in early 2023.
Delta Israel’s Chairman of the Board is Isaac Debach. The controlling owner and CEO is Anat Bogner, who said yesterday: “The company concludes its first year as a public company with an impressive increase in revenue and profitability, expressing the company’s strength and stability, with a growth trend in all sales channels.” . “The company continues to develop a robotic logistics company,” she said, adding the Panta Rei sportswear chain, which will include seven new stores and an online site.