Ariely Reports 2Q96 Increase in Commissions and Fees and Record Net Income.TEL AVIV Tel Aviv (tĕl əvēv`), city (1994 pop. 355,200), W central Israel, on the Mediterranean Sea. Oficially named Tel Aviv–Jaffa, it is Israel's commercial, financial, communications, and cultural center and the core of its largest , Israel--(BUSINESS WIRE)--August 12, 1996--Ariely Advertising Ltd. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : RELEF), a leading full service Israeli advertising agency, today announced second quarter 1996 consolidated con·sol·i·date v. con·sol·i·dat·ed, con·sol·i·dat·ing, con·sol·i·dates v.tr. 1. To unite into one system or whole; combine: commissions and fees of NIS Niš or Nish (both: nēsh), city (1991 pop. 175,391), SE Serbia, on the Nišava River. An important railway and industrial center, it has industries that manufacture textiles, electronics, spirits, and locomotives. 37 million ($11.6 million), an increase of 7 percent from the second quarter of 1995. Net income increased 14 percent to NIS 1,989,000 ($621,000) from NIS 1,745,000 ($545,000) in the year ago period. Earnings per share were NIS 0.64 ($0.20) based on 3,121,000 shares outstanding, compared with NIS 1.04 ($0.32) per share based on 1,680,000 shares outstanding in the year ago second quarter. Gross profit for the second quarter of 1996 was NIS 6,187,000 ($1,931,000) an increase of NIS 142,000 ($44,000) from the second quarter of 1995. Commissions and fees for the first six months of 1996 were NIS 67 million ($21 million), a decrease of 8.5 percent from the comparable period in 1995. Net income for the first six months was NIS 2,814,000 ($878,000), a decrease of 22 percent from the first half of 1995. Earnings per share for the first half of 1996 were NIS 0.90 ($0.28) based on 3,129,000 shares outstanding, compared with NIS 2.15 ($0.67) per share based on 1,680,000 shares outstanding in the same period of 1995. Gross profit for the first six months of 1996 was NIS 10.8 million ($3.4 million), a decrease of NIS 670,000 ($209,000) or 6 percent from the gross profit for the comparable period in 1995. Amos Tal-Shir, Managing Director, noted that the second quarter results demonstrate the success of the Company's 1996 corporate strategy and the decreased security tension which existed during the first quarter. He believes that Ariely will continue to grow despite the expected slowdown For articles with similar titles, see Slow Down (disambiguation). A slowdown is an industrial action in which employees perform their duties but seek to reduce productivity or efficiency in their performance of these duties. in the Israeli economy. Mr. Tal-Shir added, "The recent establishment of our new business development division should produce positive results in the second half of the year. This department will enhance Ariely's ability to expand its client base." Mr. Tal-Shir and Vered Vered is a surname and may apply to:
This page or section lists people with the surname Vered. Viduchinsky, Chief Financial Officer, will conduct a group conference call at 10 a.m. Eastern time, August 12. Those who wish to participate may call 913-661-0896, confirmation code 264737 a few minutes prior to the start. Ariely Advertising Ltd. is a leading full service advertising agency which provides a broad range of advertising services in Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. , including market analysis, the development of marketing strategies and creative concepts, media planning and the placement of advertising in various media, such as television, magazines, newspapers, radio and billboards. -0-
ARIELY ADVERTISING LTD.
CONDENSED INTERIM CONSOLIDATED STATEMENT OF OPERATIONS
(In Thousands except per share data)
Adjusted New Israeli Shekels
Six Months Ended Three Months Ended Year ended
June 30, June 30, December 31,
1996 1995 1996 1995 1995
Unaudited Unaudited Unaudited Unaudited Audited
Commissions and fees 66,868 73,010 37,191 34,878 134,951 Gross profit 10,775 11,445 6,187 6,045 22,914 Net income 2,814 3,610 1,989 1,745 7,454 Earnings per share 0.90 2.15 0.64 1.04 3.44 Weighted average number of shares outstanding 3,129,000 1,680,000 3,121,000 1,680,000 2,169,000 -0-
Convenience translation into US Dollars (1)
Six Months Ended Three Months Ended
June 30, June 30,
1996 1996
Unaudited Unaudited
Commissions and fees $20,876 $11,611 Gross profit 3,364 1,931 Net income $878 $621 Earnings per share $0.28 $0.20 Weighted average number of shares outstanding 3,129,000 3,121,000 1) For convenience purposes, certain information contained herein has been translated into US dollars using the representative exchange rate at June 30, 1996 of NIS 3.203 = $1.00 CONTACT: Amos Tal-Shir & Vered Viduchinsky Ariely, Tel TEL Telephone TEL Telegram TEL Telugu (langauge) TEL Terrorist Exclusion List TEL Technology-Enhanced Learning TEL Transporter-Erector-Launcher TEL Tetra-Ethyl Lead TEL Team Deutsche Telekom - 972-3-563-9001 or Charles Charles, archduke of Austria Charles, 1771–1847, archduke of Austria; brother of Holy Roman Emperor Francis II. Despite his epilepsy, he was the ablest Austrian commander in the French Revolutionary and Napoleonic wars; however, he was handicapped by LaRosa LaRosa is a common surname in the Spanish language meaning the rose
This page or section lists people with the surname Larosa. The Anne McBride Anne C. McBride (born Nova Scotia) was a frequent candidate in Canadian federal and provincial elections and by-elections in the 1970s, 1980s and 1990s. McBride was an ordained minister in the Assemblies of God, a Pentecostal Christian denomination. Company, Tel - 212-752-0504 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion