Israeli supermarket operator Blue Square posted a drop in first-half net income today (17 August), hurt by income tax expenses and a decrease in a gain from appreciation of investment property.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Net income for the six-month period dropped to NIS49.9m (US$12.7m) compared to NIS102.3m in the first half of 2008.


Revenues for the period to 30 June also decreased, to NIS3.61bn from NIS3.74bn in the prior year.


Supermarket same store dropped by 6.8% due to the recession in the market, increased competition and erosion of the sales prices in HD chains.


However, Blue Square said the figure was offset by the addition of ten new stores during the 12-month period and the sales of BEE Group, which increased during the 2009 period versus last year by 8.2%.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

EBITDA dropped to NIS205.4m from NIS237.5m in 2008.


Operating income before financing in the first half of 2009 was NIS122m versus NIS177.2m in the previous year.