(Source: Datamonitor)
Blue Square-Israel, a food retailer, has reported a net income of NIS18.13 million, or NIS0.19 per diluted share, for the fourth quarter ended December 31, 2008, compared to NIS70.78 million, or NIS1.16 per diluted share, in the same quarter of 2007.
For the fourth quarter of 2008, net sales were NIS1.75 billion, compared to NIS1.78 billion in the fourth quarter of 2007.
For the year ended December 31, 2008, net sales were NIS7.43 billion, compared to NIS6.98 billion for 2007. Net income was NIS132.40 million, or NIS1.62 per diluted share, compared to NIS175.82 million, or NIS3.39 per diluted share, for 2007.
Zeev Vurembrand, president and CEO of Blue Square-Israel, said: "With the closing of 2008, we conclude today a complex and challenging year, due both to the difficult macroeconomic environment which have impacted our markets, and to the extensive internal reorganization process that we have undertaken."
A service of YellowBrix, Inc.
