Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. (TASE:RMLI) has reported in its second quarter financial report that it has 67,000 MVNO subscribers. The supermarket chain launched its mobile telephone operations in December 2011.
In its second quarter of 2012 financials Rami Levy reported revenue of NIS 710 million, up 27.9% from the corresponding quarter of 2011. However, net profit was NIS 25.6 million, down 10.8% from NIS 28.7 million in the corresponding period. The company attributed the fall in profit to company tax.
Rami Levy also reported that this own monthly salary will fall from its current level of NIS 88,800 to NIS 75,000 for the next three years linked to the Consumer Price Index (CPI). He will also be entitled to a bonus of 4% of annual profits.
Published by Globes [online], Israel business news - www.globes-online.com - on August 23, 2012
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