Formula Systems (1985) Ltd. Announces Climb In Q2 Bottom Line

Formula Systems (1985) Ltd. (FORTY) reported a profit for its second quarter that increased from last year

The company's earnings totaled $18.839 million, or $1.20 per share. This compares with $17.021 million, or $1.11 per share, in last year's second quarter.

The company's revenue for the quarter rose 1.9% to $667.7 million from $655.4 million last year.

Formula Systems (1985) Ltd. earnings at a glance (GAAP) :

-Earnings (Q2): $18.839 Mln. vs. $17.021 Mln. last year.
-EPS (Q2): $1.20 vs. $1.11 last year.
-Revenue (Q2): $667.7 Mln vs. $655.4 Mln last year.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com