Willi Food Inte (WILC) has released an update.
G. Willi-Food International Ltd. reported a decrease in sales, gross profit, and operating profit for the first quarter of 2024 compared to the same period in 2023, attributing the decline primarily to delays in the arrival of goods from the Far East and increased shipping costs. Despite these challenges, the company experienced a significant increase in net profit, up by 72.2% year-over-year, thanks to a rise in financial income. Willi-Food is also focusing on improving commercial terms and is constructing a new logistics center, anticipated to enhance its growth and profitability upon completion by the end of 2025.
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