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G. Willi-Food International Ltd. reports developments tied to its kosher food import, marketing and international distribution business. The company operates directly and through subsidiaries, with food categories that include dairy and dairy substitutes, canned vegetables and pickles, canned fish, canned fruit, edible oils, cereals, rice, pasta and other products.
Recurring news focuses on annual and quarterly operating results, product availability, supplier terms, product mix, margins and cash dividend distributions. Company updates also describe its sales channels in Israel and abroad, including retail chains, private supermarkets, wholesalers and institutional customers, as well as activity at Willi-Food in Israel and Euro European Dairies.
On January 17, 2023, G. Willi-Food International Ltd. (NASDAQ: WILC) announced the appointment of Joseph Williger as CEO, succeeding Erez Viner. Williger, a controlling shareholder and former Co-Chairman, will lead the company while Viner continues in business development and logistics. The CEO appointment awaits shareholder approval, with a meeting planned shortly. Willi-Food specializes in kosher foods, marketing over 600 products globally to around 1,500 customers. The company has emphasized its commitment to quality and the strategic expansion of its logistics capabilities through Viner's continued involvement.
G. Willi-Food International Ltd. (NASDAQ: WILC) has received a non-compliance letter from Nasdaq, informing the company that it failed to hold its annual shareholder meeting within the required timeframe. The letter, dated January 4, 2023, states that the company has until February 20, 2023, to submit a plan to regain compliance. If accepted, Nasdaq may grant an extension until June 29, 2023. Willi-Food specializes in kosher food products and distributes over 600 items globally.
G. Willi-Food International Ltd. (NASDAQ: WILC) has declared a cash dividend of approximately NIS 1.08 per share, totaling NIS 15 million (around US$4.386 million). The dividend is payable to shareholders on record as of December 6, 2022, with the payment date set for December 14, 2022. Final amounts may vary due to currency conversion from NIS to US dollars. Willi-Food specializes in kosher food products and operates a vast distribution network worldwide.
G. Willi-Food International Ltd. (WILC) reported strong third quarter results for 2022, with sales increasing by 16.6% to NIS 123.9 million (US$ 34.9 million), up from NIS 106.3 million (US$ 29.9 million) in Q3 2021. Gross profit rose 15.6% to NIS 34.1 million (US$ 9.6 million). Net profit saw a remarkable 46.1% increase, reaching NIS 7.6 million (US$ 2.1 million). However, operating income decreased by 9.3% for the first nine months of fiscal 2022. The company holds a cash and securities balance of NIS 292.5 million (US$ 82.6 million).
G. Willi-Food International Ltd. (NASDAQ: WILC) has declared a cash dividend of approximately NIS 1.44 per share, totaling around NIS 20 million (about US$6 million). This dividend will be payable on September 21, 2022 to shareholders of record as of September 13, 2022. The final amount in US dollars may vary based on the conversion rate at the time of payment. G. Willi-Food specializes in the marketing and distribution of kosher food products globally.
G. Willi-Food International Ltd. (WILC) reported its financial results for Q2 2022, showing a 7.7% increase in sales to NIS 123.2 million (US$ 35.2 million). Gross profit rose by 5.0% to NIS 38.8 million (US$ 11.1 million), while operating income increased 5.5% to NIS 14.5 million (US$ 4.1 million). However, net profit dropped by 56.6% to NIS 7.2 million (US$ 2.1 million). The company ended the quarter with NIS 305.5 million (US$ 87.3 million) in cash and securities.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported its first quarter financial results for 2022, with sales rising by 1.2% to NIS 118.1 million (US$ 37.2 million). However, gross profit fell by 5.5% to NIS 34.2 million (US$ 10.8 million) due to rising costs. Operating income decreased by 37.1% year-over-year to NIS 9.5 million (US$ 3.0 million), while net profit dropped 33.4% to NIS 13.6 million (US$ 4.3 million). The company ended the quarter with NIS 346.2 million (US$ 109 million) in cash and securities.
G. Willi-Food International Ltd. (WILC) reported fiscal year 2021 results, revealing total sales of NIS 454.2 million (US$ 146.0 million), unchanged from 2020. However, gross profit declined by 4.9% to NIS 138.3 million (US$ 44.5 million), impacted by rising shipping and product costs. Operating profit fell 14.3% to NIS 49.4 million (US$ 15.9 million). Despite these challenges, the company maintained a strong cash position of NIS 349.8 million (US$ 112.5 million) and has no short-term debt. Management highlighted ongoing supply chain challenges amid geopolitical tensions, affecting commodity prices.
G. Willi-Food International Ltd. (NASDAQ: WILC) reported third-quarter financial results for 2021, revealing a 5.1% decrease in sales year-over-year to NIS 106.3 million (US$ 32.9 million). Gross profit fell by 13.4% to NIS 29.5 million (US$ 9.1 million), while operating profit plummeted by 41.7% to NIS 8.2 million (US$ 2.5 million). Net profit declined 76.2% to NIS 5.2 million (US$ 1.6 million), and earnings per share stood at NIS 0.38 (US$ 0.12). Despite challenges, the company maintains a cash balance of NIS 219.0 million (US$ 67.8 million) and aims to enhance product visibility and expand into new, profitable categories.
G. Willi-Food International Ltd. (NASDAQ: WILC) announced a cash dividend of approximately NIS 4.33 per share, totaling NIS 60 million (about US$1.34 per share). The dividend is payable to shareholders on record as of September 10, 2021 and will be distributed on September 30, 2021. The amount may vary upon conversion from NIS to US dollars based on bank rates on September 9, 2021. Willi-Food specializes in kosher food products and sells to over 1,600 clients globally.