CQN/Correcting Figure in Super-Sol's 2001 Second Quarter Results.Business Editors CORRECTION CORRECTION,punishment. Chastisement by one having authority of a person who has committed some offence, for the purpose of bringing him to legal subjection. 2. It is chiefly exercised in a parental manner, by parents, or those who are placed in loco parentis. ... by Super-Sol Ltd. RISHON LE-ZION, Israel--(BUSINESS WIRE)--Aug. 6, 2001 In BW2015, "Super-Sol's Operating Profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. for the Second Quarter of 2001 Increased 16.5% Compared to the Second Quarter Last Year to a Record 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. 78 Million", issued earlier today, a correction should be noted. Under the "Selected Operating Data" table, in the "Sales per square meter Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas - NIS" row, in the "Six Months Ended June June: see month. 30, 2000" column, the correct figure should read "10,095" instead of "20,764". The corrected table is attached below.
Super-Sol Ltd.
Selected Operating Data
Adjusted NIS as of June 2001
Six Months Ended Three Months Ended Year Ended
-------------------------------------------------------
June 30 June 30 June 30 June 30 December 31
2001 2000 2001 2000 2000
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Change in same
store sales -4.6% -2.8% -5.4% 5.1% -2.2%
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Sales per
square meter
- NIS 9,017 10,095 4,636 5,194 19,580
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No. of stores
at end of
period 156 143 156 143 151
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Total square
meters at
end of
period 340,700 289,600 340,700 289,600 331,600
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Gross profit
as a
Percentage
of sales 27.2% (a)26.4% 26.8% (a)25.8% 26.8%
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EBITDA (in
millions)
(1) 242 208 124 105 438
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EBITDA
margin (2) 7.8% 7.2% 7.7% 7.0% 7.4%
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Net earnings
per share 0.45 0.42 0.25 0.21 0.83
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Net earnings
per ADR (3) 2.24 2.09 1.25 1.06 4.14
---------------------------------------------------------------------
Ordinary
shares
outstand-
ing(4) 205,345 204,048 204,606 204,048 202,951
---------------------------------------------------------------------
1) EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become is defined as income before interest expense, sundry sun·dry adj. Various; miscellaneous: a purse containing keys, wallet, and sundry items. [Middle English sundri, from Old English syndrig, separate. income (expenses) net, income taxes, depreciation and amortization, and minority interest. 2) EBITDA as a percentage of total revenue. 3) Determined by multiplying mul·ti·ply 1 v. mul·ti·plied, mul·ti·ply·ing, mul·ti·plies v.tr. 1. To increase the amount, number, or degree of. 2. Mathematics To perform multiplication on. net earnings per Ordinary Share times five. 4) Average amount for the period (in thousands). (a) Reclassified |
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