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Max Stock Limited Reports Fourth Quarter and Fiscal 2020 Financial Results

Press release content from Business Wire. The AP news staff was not involved in its creation. 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. ADVERTISEMENT Excluding one-time bulk sales of COVID-19 product, sales increased 19.4%.

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