Electra’s consumer products (Tase: ECP) report a moderate increase in income and net profit in the first quarter of carrefour activity quarter acting throughout Israel. The Company, Headed by Zvi Shwimmer, Posted Only a Slight Rise in Revenue in its Food Sector, which mainly consists of carrefour, by 1.1% in the first quarter to nis 799 million, but the profit in that sector totaled nis 42 million, and sharply (0.4% of turnover) in the corresponding quarter of 2024. The improvement stemmed from higher sales of branches converted to carrefour format.
The subsidiary global retail, which is important Carrefour, posting a net profit of NIS 5.2 million in the first quarter of this year this year, compared to a loss of NIS 34 million.
The chain of Carrefour “continues to present impressive results, to maintain a sectoral gain over 4%, and records a third successive quarter of the net income, and evaluates,” Shwimmer said. “We have completed the converge process of branches, and the chain is now number 144 branches, with a target of 150 branches by the end of the year.”
The business of Electra Consumers also contains sales electrical goods, by Shekem Elidar and Mahsanei Hashmal Chainshmal, Air Conditing Adidas and Columbia. The company’s first quarter with 1.76 billion, up 2.7% in comparison to the first quarter of 2024. The net growth is the highest quarter, which is 11% larger than operating costs.
The Price of Electra Products’ Share Profile has fallen 6% this year, but 43% of the past twelve months, because the rise of franchise last November, because the CARREFOUR prangcits previously recorded in the final loss of the company. The Company’s market cap in the morning opening is NIS 2.4 billion.
Published in Globes, Israel News in News – en.globes.co.il – On May 27, 2025.
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