Zwei Frauen beim Shopping (Symbolbild).
Montag, 30.04.2018 20:30 von | Aufrufe: 57

G. Willi-Food International Announces Increased Financial Income and Net Profit in Its Annual Report on Form 20-F Filed Today Compared to Its Previous Press Release Announcing 2017 Financial Results

Zwei Frauen beim Shopping (Symbolbild). © filadendron / E+ / Getty Images

PR Newswire

YAVNE, Israel, April 30, 2018 /PRNewswire/ -- G. Willi-Food International Ltd. (NASDAQ: WILC) (the "Company" or "Willi-Food"), a global company that specializes in the development, marketing and international distribution of kosher foods, today announced the filing of an Annual Report on Form 20-F that includes changes in the Company's 2017 financial results, including increased financial income and net profit, compared to the 2017 financial results described in the Company's press release, dated March 14, 2018.

The changes result from the receipt by the Company on March 26, 2018 of an amount of USD 1,145 thousand received from a non tradeable related to a bond issuer. As required by International Acounting Standard – IAS10 – "Events after the Reporting Period", the Company recorded in its financial statements for the year ended December 31, 2017 financial income in an amount equal to the payment received.  For more information regarding this non treadeable bond, see "Item 8. Financial information- Legal Proceedings (8)" in our Annual Report on Form 20-F for the year ended December 31, 2017.

The following table summarizes the material changes in the 2017 financial results reported in the Annual Report on Form 20-F filed today compared to the 2017 financial results described in the Company's press release, dated March 14, 2018:


Press Release of  March, 14, 2018

Adjustment

 

 


ARIVA.DE Börsen-Geflüster

2017 Annual Report on Form

Press Release of  March, 14, 2018

Adjustment

 

 

2017 Annual Report on Form


NIS in thousands

(except earnings per share)

USD in thousands

(except earnings per share)

Financial income

13,967

3,970

17,937

4,028

1,145

5,173

Financial income, Net

10,198

3,970

14,168

2,941

1,145

4,086

Income before taxes

26,963

3,970

30,933

7,776

1,145

8,921

Net profit

21,053

3,970

25,023

6,071

1,145

7,216

Earnings per share

1.58

0.31

1.89

0.46

0.08

0.54

NOTE A: NIS to US$ exchange rate used for convenience only

The conversion from New Israeli Shekels (NIS) into U.S. dollars was made at the exchange rate as of December 31, 2017, on which U.S. $1.00 equaled NIS 3.467. The use of US$ is solely for the convenience of the reader.

NOTE B: IFRS

The Company's consolidated financial results for fiscal year ended December 31, 2017 are presented in accordance with International Financial Reporting Standards ("IFRS").

Availability of Form 20-F on the Company's web site

The Company's Annual Report on Form 20-F, containing audited consolidated financial statements for the year ended December 31, 2017, as filed with the Securities and Exchange Commission today, is available on the Company's website (http://www.willi-food.com). Shareholders may receive a hard copy of the annual report free of charge upon request.

About G. Willi-Food International Ltd.

G. Willi-Food International Ltd. (http://www.willi-food.com) is an Israeli-based company specializing in high-quality, great-tasting kosher food products. Willi-Food is engaged directly and through its subsidiaries in the design, import, marketing and distribution of over 600 food products worldwide. As one of Israel's leading food importers, Willi-Food markets and sells its food products to over 1,500 customers in Israel and around the world including large retail and private supermarket chains, wholesalers and institutional consumers. The Company's operating divisions include Willi-Food in Israel and Gold Frost, a wholly owned subsidiary who designs, develops and distributes branded kosher, dairy-food products.

Company Contact:
G. Willi - Food International Ltd.
Amir Kaplan, Chief Financial Officer
(+972)-8-932-1000
amir.k@willi-food.co.il

 

Cision View original content:http://www.prnewswire.com/news-releases/g-willi-food-international-announces-increased-financial-income-and-net-profit-in-its-annual-report-on-form-20-f-filed-today-compared-to-its-previous-press-release-announcing-2017-financial-results-300639240.html

SOURCE G. Willi-Food International Ltd.

Werbung

Mehr Nachrichten zur G WILLI FOOD International LTD Aktie kostenlos abonnieren

E-Mail-Adresse
Benachrichtigungen von ARIVA.DE
(Mit der Bestellung akzeptierst du die Datenschutzhinweise)

Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte.