Economy

Delta Israel Brands Q2 Revenue Rises 18.1%, Net Profit Climbs 27%

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Delta Israel Brands reported second-quarter revenue of NIS 310.4 million, up 18.1% from NIS 262.8 million a year earlier. Operating profit rose 28% to NIS 51.3 million, while net profit climbed 27% to NIS 36.9 million. The company attributed the gains to continued growth in its licensed brands, higher sales across its own brands and expansion in Israel and Europe, including Bath & Body Works operations. Its board declared a NIS 27.65 million dividend, equal to 75% of quarterly net profit, for payment on August 20.

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