The Golf Group explains that the increase in sales of the fashion and home sectors in the third quarter was due to both the increase in revenue per square meter and thanks to the increase in the sales volume of the online trading sites. From this, the company’s solo EBITDA (without the results of the held companies) amounted to approximately NIS 8 million. If that’s not enough, the profit before solo tax of the company amounted to about NIS 5 million.
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Eyal Greenberg, the company’s CEO and chief business officer commented on the report and said, among other things: “We conclude the third quarter of the year with revenue growth in the fashion and home sectors. The results in the quarter were affected by a higher than average discount rate to deal with the increasing competition and changes in the business environment. Against the backdrop of the delays we have experienced in deliveries to Israel, in recent months, and in the past quarter in particular, we have also sensibly increased the volume of inventory, which allows continuity and better availability during the winter and holidays.”