Matrix income was about NIS 1.16 billion - increase of 12.9%

The Matrix company, which deals in providing software solutions and marketing hardware and software products, published its financial reports for the third quarter of the year according to which the income was about NIS 1.16 billion compared to revenues of NIS 1.03 billion in the corresponding quarter - an increase of 12.9%.
The company's gross profit amounted to NIS 161.4 million compared to a gross profit of NIS 146.7 million in the corresponding quarter - an increase of 10%. The operating profit amounted to NIS 80.1 million compared to an operating profit of NIS 75 million in the corresponding quarter - an increase of 6.8%.
In the third quarter, Matrix records a net profit of NIS 50.4 million compared to a net profit of NIS 47.9 million in the corresponding quarter last year - an increase of 5.3%. The total cash and the value of Matrix's cash and financial assets is approximately NIS 551 million. The total equity is about NIS 945.1 million.
The Matrix share has fallen since the beginning of the year by 16% to a price of NIS 75.8, representing a value of NIS 4.77 billion. The company's profit since the beginning of the year amounted to NIS 342.9 million on revenues of NIS 3.53 billion. In 2021 as a whole, the company earned NIS 218.75 million on revenues of NIS 4.36 billion. The value expresses a profit multiplier of 14