SuperSol, Israel’s largest supermarket operator, has posted a jump in full-year earnings, with gains weighted to the fourth-quarter.
Fourth quarter net profits jumped 56% to ILS78m (US$20.9m) on sales that rose 1.8% to ILS2.75bn. The company said that it benefited from lower financing expenses in the quarter.
For the full year, net profit rose 15% to ILS323m, helped by a 70% drop in financing costs.
Revenue in the 12-month period edged up 0.7% to ILS11bn.
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