Hamashbir Lazarchan Group presents: a loss of NIS 6 million

Hamashbir Lazarchan Group continues to present negative financial statements. The second quarter of 2018 ended with a loss of NIS 6 million. This follows a NIS 9 million loss presented by the retail group in 2017 as a whole.
In the last 3.5 years (2015 to mid-2018), the losses of Hamashbir are approaching NIS 60 million. The Hamashbir 365 stock
On the background of the negative financial statements and the significant erosion in the share price, Hamashbir CEO and controlling shareholder Rami Shavit is working to tighten the connection between the company and his three children. Hamashbir added that the purchases would be made "at the discretion of each of Shavit's children," and that the father's holdings in the company's shares would not exceed 90% of Hamashbir's capital.