Revenues in the third quarter of 2022 grew by approximately 27% to approximately NIS 792 million, compared to approximately NIS 624 million in the corresponding quarter last year. In the quarter, the company presented double-digit organic growth in all areas of its activity. The gross profit in the third quarter of 2022 increased by about 22% to about NIS 126 million, compared to about NIS 103 million in the corresponding quarter last year. The operating profit in the third quarter of 2022 increased by about 28% to about 60 million shekels (about 7.6% of revenues), compared to about 47 million shekels (about 7.5% of revenues) in the corresponding quarter last year. The increase in operating profit was mainly due to the sharp growth in the scope of the company’s activities, along with a decrease in the rate of operating expenses.
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The EBITDA in the third quarter of 2022 increased by about 15% to about NIS 87 million, compared to about NIS 76 million in the corresponding quarter last year. The net profit in the third quarter of 2022 increased by about 32% to a quarterly record of about 43 million NIS (about 41 million NIS attributed to the majority shareholders), compared to about 33 million NIS (about 30 million NIS attributed to the majority shareholders) in the quarter The corresponding last year, and this as mentioned as a result of the double-digit growth in the scope of the company’s activity, alongside the aforementioned improvement in the company’s operational profitability. The cash flow from current operations in the third quarter of 2022 increased by approximately 71% to approximately NIS 90 million, compared to approximately NIS 53 million in the corresponding quarter last year.