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Amal Holdings Reports Profit Decline and Rising Costs Despite Dividend Payouts

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Globes · 9 hours ago

What happened

Amal Holdings reported a decline in profits and rising expenses in Q2 despite revenue growth and continued dividend payments. The core home care segment showed a sharp profit drop, while other segments improved. The company faces risks from a major public sector tender and increased financial debt but continues acquisitions and dividend distributions.

01Amal Holdings’ Q2 net profit fell 8% despite 4.2% revenue growth to 576.9 million shekels.
02Core home care segment profits dropped 26.5%, with profitability falling from 9.1% to 6.8%.
03Administrative expenses rose 15.4%, and net financing costs increased 71%, pressuring profits.
04Company declared a 20 million shekel dividend after distributing 45 million in H1 despite financial challenges.
05Net financial debt increased 17% to 259 million shekels; cash reserves declined to 7.3 million shekels.
06Amal faces risk from a key National Insurance nursing care tender, accounting for 52% of revenues.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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Ishay Davidi