Cal credit card company: Profit in Q3 amounted to NIS 109 million compared to NIS 92
Posted on Nov 23, 2022 by Ifi Reporter - Dan Bielski
The Cal credit card company published today its reports for the third quarter of the year. The profit in the third quarter of 2022 amounted to NIS 109 million, compared to NIS 92 million in the corresponding quarter last year, an increase of 18.7%. In the first nine months of the year, the net profit was NIS 270 million, compared to NIS 231 million in the corresponding period last year, an increase of 16.7%.
The company's revenues also grew. In the third quarter of 2022, the company's revenues amounted to NIS 665 million, compared to NIS 525 million in the corresponding quarter last year, an increase of 26.8%. In the first nine months of the year, the company's revenues totaled NIS 1,834 million compared to NIS 1,450 million in the corresponding period last year, an increase of 26.5%.
In the third quarter of 2022, the turnover of transactions was 39.4 billion NIS compared to 33.9 billion NIS in the corresponding quarter last year, an increase of 16.2%. In the first nine months of the year, the transaction turnover was 111.1 billion NIS compared to 94.0 billion NIS, an increase of 18.1% compared to the corresponding period last year.
In this quarter, Cal distributed a dividend of NIS 80 million. Since the beginning of the year, a dividend of NIS 420 million has been distributed.
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