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Max Stock Limited Reports Fourth Quarter and Fiscal 2020 Financial Results
March 15, 2021 GMT
CEASAREA, Israel (BUSINESS WIRE) Mar 15, 2021
Max Stock Limited (TASE: MAXO) (the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2020.
Fourth Quarter Summary:
Comparable store sales increased 43%.
Operating income increased 85.0% to ILS 39.5 million and operating margin increased 240 basis points to 14.3%.
Net income increased 57.4% to ILS 23.5 million.
Adjusted EPS 1 increased 89% to ILS 0.164
Adjusted EBITDA 2 increased 108% to ILS 42.9 million.
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Excluding one-time bulk sales of COVID-19 product, sales increased 19.4%.