On the positive side, the company reports a 1.2% increase in sales, although it is also minor, with the amount standing at 118 million this year compared to 116 in the corresponding quarter last year. The food importer’s operating profit is quite significantly smaller, standing at NIS 9.2 million compared to NIS 14.9 million last year, due to the increase in inputs and sales and marketing expenses. Net profit for shareholders also decreased significantly, and stands at NIS 8.2 million in the current quarter.
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Meanwhile, the company announced the appointment of Erez Wiener as CEO. Erez Wiener was previously Assistant Chief of Staff Gabi Ashkenazi. He also served as CEO of Jerusalem Wineries and Deputy CEO at Wilifood.