Meitav Investment House Ltd (MTAV.TA) announced earnings for its first quarter that Increased from the same period last year
The company's earnings totaled NIS128 million. This compares with NIS96 million last year.
The company's revenue for the period rose 32.3% to NIS598 million from NIS452 million last year.
Meitav Investment House Ltd earnings at glance (GAAP):
-Earnings: NIS128 Mln. vs. NIS96 Mln. last year.-Revenue: NIS598 Mln vs. NIS452 Mln last year.
For the first quarter, Meitav Investment House reported basic income per share of NIS 1.57, up 28% from the same period last year.
Total assets under management (AUM) stood at NIS 425.7 billion as of March 31, reflecting continued positive net inflows. On April 30, the company's total AUM was NIS 448 billion.
Looking ahead, Einat Rom, CFO of Meitav Investment House, said: “With Q1 results, we are confident in our ability to meet and potentially exceed our 20% full-year profitability growth target."
For fiscal 2025, the company had reported a net profit of NIS 435 million.
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