2023-11-30 19:06:00
Tigbor Group Reports 29% Increase in Net Profit in Third Quarter
Tigbor Group, a leading company in the industry, has reported a significant increase in net profit for the third quarter, excluding reduction, compared to the same period last year. The company revealed that the net profit attributable to the company’s shareholders amounted to approximately NIS 6.4 million, marking a 29% increase from the previous year.
However, alongside the impressive increase in net profit, the company also disclosed a loss of approximately NIS 2.1 million for the third quarter. This comes as a surprise, especially considering the company’s profit of about NIS 4.4 million in the previous quarter.
Tigbor Group attributed the decrease in profit to the non-flow reduction, which had a significant impact on the company’s financial performance in the third quarter. Despite the loss, the company remains confident in its ability to recover and make significant progress in the coming quarters.
The company’s achievements in the third quarter revenues have been overshadowed by the unexpected loss. However, Tigbor Group remains committed to addressing the issues that led to the reduction and is optimistic about its future performance.
Investors and stakeholders will be closely monitoring Tigbor Group’s performance in the coming months to see how the company plans to address the loss and maintain its strong financial position.
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