Welcome to our dedicated page for G Willi Food Intl news (Ticker: WILC), a resource for investors and traders seeking the latest updates and insights on G Willi Food Intl stock.
G Willi-Food International Ltd (NASDAQ: WILC) is an Israeli-based company that specializes in high-quality, great-tasting kosher food products. Through its design, import, marketing and distribution activities, the company reports that it offers more than 650 food products to over 1,500 customers and thousands of selling points in Israel and other markets, including large retail and private supermarket chains, wholesalers and institutional consumers.
This news page aggregates WILC-related announcements and disclosures, with a focus on the company’s financial performance, dividends, logistics investments and regulatory updates. Recent press releases furnished on Form 6-K include quarterly and annual financial results prepared under IFRS, highlighting trends in sales, gross profit, operating profit and net profit, as well as commentary from management on inventory levels, product availability and commercial terms with suppliers and customers.
Readers can also follow dividend distribution announcements, where the company’s board declares cash dividends and discloses aggregate amounts in New Israeli Shekels and approximate U.S. dollar equivalents, along with record and payment dates. In addition, Willi-Food’s news flow covers developments such as the construction of a new refrigerated or advanced logistics center, which the company describes as important for enhancing logistical capabilities and supporting expansion into new food categories, particularly chilled and frozen products.
Regulatory and governance items appear as well, including notices related to the Israel Competition Authority, annual general meetings of shareholders, compensation policy approvals, option grants to controlling shareholders, director elections and the appointment of the independent accounting firm. Investors and observers can use this page to review the sequence of official company communications that shape the market’s view of WILC stock.
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$1.34 per share). The dividend is payable to shareholders on record as of September 10, 2021 and will be distributed on September 30, 2021. The amount may vary upon conversion from NIS to US dollars based on bank rates on September 9, 2021. Willi-Food specializes in kosher food products and sells to over 1,600 clients globally.
G. Willi-Food International Ltd. (NASDAQ: WILC) announced a new dividend distribution policy on August 16, 2021, stating that it will distribute at least 40% of its annual net profit to shareholders. The Board of Directors will determine the timing and amount of dividends based on the Company’s financial condition, cash resources, and growth plans. However, the Company does not guarantee dividend payments and may alter this policy at any time. Willi-Food is a leading kosher food provider with over 600 products available worldwide.
G. Willi-Food International Ltd. (WILC) reported a 9.8% increase in Q2 2021 sales to NIS 114.3 million (US$ 35.1 million) but a 6.5% drop in gross profit to NIS 36.9 million (US$ 11.3 million). Operating profit fell 18.8% to NIS 13.7 million (US$ 4.2 million), while total financial income surged 129.0% to NIS 7.6 million (US$ 2.3 million). Despite the challenges posed by the Covid-19 pandemic, net profit rose by 9.0% to NIS 16.6 million (US$ 5.1 million), or 14.5% of sales. The company holds a cash balance of NIS 403.0 million (US$ 123.6 million) as of June 30, 2021.