Shufersal reports today on the financial results of the first quarter of year 2022 – QNT Press Release


Operating profit for the quarter amounted to NIS 102 millionwhich constitute approximately 2.9% of the Group’s revenues, and net profit amounted to approximately NIS 27 millionwhich constitute approximately 0.8% of total revenues

The Be network’s revenues grew by approximately 25% as compared to the corresponding quarter last year. They amounted to approximately NIS 269 million in the first quarter as compared to approximately NIS 216 million in the corresponding quarter last year

TEL AVIV, Israel, May 31, 2022 /PRNewswire/ — Shufersal (TASE: SAE), Israel’s leading retailer, announced today financial results for the first quarter of year 2022.

The Group’s revenues in the first quarter amounted to approximately NIS 3.4 billion as compared to NIS 3.8 billion last year.

The Group’s revenues in the first quarter amounted to NIS 3.5 billion as compared to NIS 3.8 billion last year. The decrease of about 7% is mainly due to the fact that the first quarter of last year was characterized by a closure that significantly affected the Group’s revenues, and also due to the timing of the late Passover this year and the days of preparation for it, which were mainly concentrated during the second quarter.

Gross profit in the first quarter amounted to NIS 925 millionwhich constitute approximately 26.4% of revenues as compared to approximately NIS 1 billion in the corresponding quarter last year, which constituted approximately …

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