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The Marker | By: Shelly Appleberg | 01/03/2016

In the last quarter of 2015, the Company presented a 12.5% increase in sales that amounted to NIS 658 million* The company moved from operating loss of NIS 56 million to a profit of NIS 16.8 million in the quarter. 

Electra Consumer Products, which is controlled by Elco (60%), recorded a 12.5% increase in sales in Q4 2015 that amounted to NIS 658 million – as revealed in the reports released by the Company today. 

The majority of the increase was attributed to air conditioner sales in Israel and abroad coupled with increased sales in the retail sector. The electrical appliance sector enjoys a sales turnover of NIS 284 million in comparison with NIS 210 million in the parallel period.