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CEO of Electra Consumer Products: Lottery and Lottery Services will be offered at Saban Elban | Israel Today

2022-05-19T20:21:33.777Z


The international convenience store chain will be launched in Israel in November this year • Following the division of the divisions: 108% increase in Electra Consumer Products's revenue in the first quarter of 2022


Zvika Schwimmer, CEO of Electra Consumer Products, said last Tuesday that there is a possibility that the 7-Eleven store chain, which is expected to arrive in Israel this November, will also provide lottery and lottery services. Electra received the franchise to operate the chain in Israel, as well as the license To operate the French "Carrefour" chain, under the "Pavilion Wines" brand.

Meanwhile, Electra Consumer Products published the first quarter reports for 2022 last Tuesday. The reports show that the company's revenues in the first quarter of 2022 increased by 108% to NIS 1.45 billion, compared with NIS 697.2 million in the corresponding quarter last year. .

The increase in revenues is mainly due to the consolidation of the food retail sector, ie the Bitan wine chain, which contributed NIS 688.4 million in the quarter, as well as the consolidation of other sectors, including camping, sports and leisure activities, which contributed NIS 55.5 million.

The company's net profit in the first quarter of 2022 increased by 17.6% to NIS 41.9 million, compared with a net profit of NIS 35.6 million in the corresponding quarter last year, and shareholders' equity amounted to NIS 1.24 billion.

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Source: israelhayom

All news articles on 2022-05-19

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