The Hilan Group today presented its reports for the first quarter of 2022. According to the reports, the company’s revenues reached NIS 482 million. This is compared to NIS 424 million in the corresponding quarter last year. This is a 13.7% increase in revenue. Gross profit was NIS 118.7 million, compared with NIS 100 million in the corresponding quarter of 2021. Operating profit was NIS 56.4 million, and net profit grew to NIS 42 million. This is compared to 50 million and 35.3 million last year, respectively.
In the wage sector, in which the company is active, revenues increased to approximately NIS 112 million – a growth of 28.9% compared to the corresponding quarter last year, when revenues were NIS 86.7 million. The business solutions segment generated revenues of NIS 254 million for Hilan, an increase of 5% or more compared to the corresponding quarter last year. Here, too, as in other areas of activity, Hilan recorded an increase in operating profit, which reached NIS 13.7 million, a growth of 3.9%.
In the field of computer infrastructure, another area in which Hilan is active, revenues for the first quarter were NIS 55.8 million, compared with NIS 46.2 million in the corresponding quarter last year. This is an increase of approximately 21 percent. There has also been an increase in the marketing of software products. Revenues of NIS 62 million were recorded in this area, compared to NIS 51 million last year. Growth in the field reached 22%, and operating profit rose to NIS 5.4 million.
Hilan is a public company whose areas of expertise are providing solutions for human capital management, as well as information technology services for organizations. The company first issued its shares in 2000. As of 2015, the company is included in the Tel Aviv 100 Index.
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