| Telenier system
Lighthouse, an alternative investment house, announces the year 2021 on Sunday. Lighthouse, which operates alternative investment funds, joined the Tel Aviv Stock Exchange last December, raising NIS 63 million in its initial public offering (IPO) in a non-uniform offer to institutional investors (Book Building), According to a company value of about NIS 313 million “after the money”. Today, about three months later, the company is traded at a value of about NIS 367 million, with the stock completing an increase of about 17% since the IPO.
Lighthouse’s revenues in 2021 amounted to NIS 34.4 million, compared with NIS 16.9 million in 2020 – an increase of 103%. The increase in income was mainly due to an increase in the volume of activity in each of the investment channels managed by the company, including real estate funds, credit funds, Lighthouse Moore Fund, which invests in companies that are in the final stage before the IPO, and legal funds that invest in legal proceedings.
Lighthouse revenues in the second half of 2021 amounted to NIS 20.6 million, compared with NIS 13.8 million in the first half of 2021, an increase of 48%.
The investment house’s gross profit in 2021 amounted to NIS 22.5 million (approximately 66%), compared with approximately NIS 9.8 million (approximately 58%) in 2020 – an increase of approximately 130%. The improvement was due, among other things, to an increase in income from the activity of credit funds and the distribution fees of these funds, where the gross profit ratio is lower than the activity of real estate funds. Gross profit in the second half of 2021 amounted to NIS 13.1 million. Of about 41%.
Lighthouse’s operating profit in 2021 amounted to NIS 8.1 million, 7.4 times compared to NIS 1.1 million in 2020. Operating profit in the second half of 2021 amounted to NIS 4.6 million, compared with NIS 3.5 million in the first half – an increase of 31%.
The net profit in 2021 amounted to NIS 2.8 million, 7 times compared to NIS 0.4 million in 2020. The net profit in the second half of 2021 amounted to NIS 1.5 million compared to NIS 1.3 million in the first half – an increase of 15% . Excluding the accounting effect of an investment through an affiliated company, the net profit for 2021 – NIS 6.18 million.
According to Ran Tzadikrio, CEO of Lighthouse,
“2021 was a key year for Lighthouse, with our becoming a public company traded on the Tel Aviv Stock Exchange and the launch of new investment products as part of the company’s strategy to expand its alternative product portfolio. The rapid growth in fundraising In the growth trajectory also in 2022, while diversifying the company’s investment products across the entire return-risk range. “
The article was originally published on the Talniri website.
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