Israeli food firm nine-month and third quarter results - G. Willi-Food International - Brief Article - Statistical Data Included

Eurofood, Dec 21, 2000

Israeli food company G. Willi-Food International has released its third quarter results for fiscal 2000, which show a 1% net income increase despite a sales drop of 7%. G. Willi-Food imports, markets and distributes over 350 food products in Israel. Total sales for the nine-month period ended 30 September fell by to IS96.3m (26.9m [European Dollar]), down 7% from IS 103.3m generated during the same trading period a year ago. Gross profit in the nine-month period was IS25.1 m, an increase of 2%. Operating income was down 9%, but net income up by 1%, reaching a value of IS8.7m.

G.Willi-Food International nine-months results (IS m)

                       2000      1999

Sales                96 326   103 372
Cost of sales        71 178    78 824
Gross profit         25 148    24 548
Operating expenses   13 060    11 328
Operating income     12 088    13 220
Net income            8 727     8 658

Source: G.Willi-Food International