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Last 260.90
Change Today 0.00 / 0.00%
Volume 0.0
BSI On Other Exchanges
Symbol
Exchange
New York
Munich
Tel Aviv
As of 10:24 AM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

alon blue square israel ltd (BSI) Snapshot

Open
$267.40
Previous Close
$262.80
Day High
$280.00
Day Low
$259.20
52 Week High
03/30/15 - $1,274
52 Week Low
08/26/15 - $252.20
Market Cap
172.1M
Average Volume 10 Days
303.5K
EPS TTM
$-6.70
Shares Outstanding
66.0M
EX-Date
12/18/11
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ALON BLUE SQUARE ISRAEL LTD (BSI)

alon blue square israel ltd (BSI) Related Businessweek News

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alon blue square israel ltd (BSI) Details

Alon Blue Square Israel Ltd. operates as a retail company in Israel. Its Fueling and Commercial Sites segment develops, constructs, and operates vehicle fueling stations, adjacent commercial centers, and independent convenience stores; markets fuel and other products through filling stations and convenience stores; and directly markets distillates to customers. As of December 31, 2014, this segment operated 209 fueling stations; and 215 convenience stores under the Alonit and Super Alonit, and AM:PM names. The company’s Supermarkets segment offers various food and beverage products; non-food items, such as house wares, toys, small electrical appliances, computers and computer accessories, entertainment and leisure products, and textile products; and near-food products comprising health and beauty aids, products for infants, cosmetics, and hygiene products. This segment operates 197 supermarkets under the You, ZolBeShefa, You Neighborhood Store, Mega, Mega in Town, and Eden Teva brands. Its Houseware and Textile segment operates as a retailer and wholesaler in houseware and textile activities. This segment operates 112 stores under the Naaman and Vardinon barnds. The company’s Real Estate segment owns, leases, and develops commercial centers, logistics centers and offices, and land, as well as develops wholesale market residency projects in Tel-Aviv. Alon Blue Square Israel Ltd. is also involved in the cellular mobile virtual network operator activities, as well as issuance and clearance of credit card activities. The company was formerly known as Alon Holdings Blue Square – Israel Ltd. and changed its name to Alon Blue Square Israel Ltd. in April 2013. The company was founded in 1988 and is based in Yakum, Israel. Alon Blue Square Israel Ltd. is a subsidiary of Alon Israel Oil Company Ltd.

8,020 Employees
Last Reported Date: 04/30/15
Founded in 1988

alon blue square israel ltd (BSI) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $563.1K
Chief Executive Officer of Blue Square Real E...
Total Annual Compensation: $521.5K
Chief Executive Officer of Mega Retail Limite...
Total Annual Compensation: $465.3K
Co–Chief Executive Officer of Dor Alon
Total Annual Compensation: $302.1K
Compensation as of Fiscal Year 2014.

alon blue square israel ltd (BSI) Key Developments

Alon Blue Square Israel Ltd Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Alon Blue Square Israel Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net revenues of ILS 2,369,416,000 compared to ILS 2,886,850,000 a year ago. Operating loss was at ILS 463,629,000 compared to profit of ILS 40,554,000 a year ago. Loss before taxes on income was ILS 512,180,000 compared to ILS 22,225,000 a year ago. Loss from continued operations was ILS 531,802,000 compared to ILS 19,135,000 a year ago. Loss attributable to equity holders of the company was ILS 537,840,000 or ILS 8.15 per basic and fully diluted share compared to loss for the year attributable to equity holders of the company of ILS 28,801,000 or ILS 0.44 per basic and fully diluted share a year ago. Net cash provided by operating activities was ILS 11,834,000 compared to ILS 193,256,000 a year ago. Purchase of property and equipment was ILS 33,762,000 compared to ILS 55,449,000 a year ago. Purchase of intangible assets was ILS 634,000 compared to ILS 6,600,000 a year ago. Adjusted EBITDA was ILS 105,961,000 compared to ILS 110,383,000 a year ago. The decrease into operating loss mainly derived from the increase in operating loss in the Supermarkets segment. For the six months, the company reported net revenues of ILS 4,851,614,000 compared to ILS 5,601,721,000 a year ago. Operating loss was at ILS 462,203,000 compared to profit of ILS 51,060,000 reported a year ago. Loss before taxes on income was ILS 516,684,000 compared to ILS 44,450,000 a year ago. Loss from continued operations was ILS 562,342,000 compared to ILS 37,928,000 a year ago. Loss attributable to equity holders of the company was ILS 588,502,000 or ILS 8.92 per basic and fully diluted share compared to loss for the year attributable to equity holders of the company of ILS 60,040,000 or ILS 0.91 per basic and fully diluted share a year ago. Net cash provided by operating activities was ILS 182,890,000 compared to ILS 334,218,000 a year ago. Purchase of property and equipment was ILS 74,391,000 compared to ILS 107,543,000 a year ago. Purchase of intangible assets was ILS 5,214,000 compared to ILS 9,433,000 a year ago. Adjusted EBITDA was ILS 210,927,000 compared to ILS 195,198,000 a year ago. The decrease in sales derived mainly from a decrease in selling spaces as a result of closing branches and the reduction of selling spaces and decrease in the sales of same store sales of 4% compared to the corresponding period last year.

Alon Blue Square Israel Provides Impairment Guidance for the Second Quarter of 2015

Alon Blue Square Israel provided impairment guidance for the second quarter of 2015. For the quarter, the company expects to have write down ILS 500 million to ILS 570 million because of Mega's huge losses. Mega will record a ILS 55 million loss on ordinary activity in the second quarter, and an additional loss of ILS 577 million arising from a one-time write down for various expenditures, including costs of implementing its recovery plan. Mega will write down another ILS 360 million for termination of the activity of branches and a write-down of goodwill, so that its second quarter loss will total ILS 632 million. As a result, Alon Blue Square will be compelled to make a huge provision. It will write down ILS 250 million to ILS 300 million for reduction in goodwill and loss of value of other Mega assets (such as its Diners credit card and the Naaman homeware group).

Alon Blue Square Announces Executive Changes

Alon Blue Square Israel Ltd. announced that its board of directors has approved the appointment of Mr. Israel Yaniv as the Chief Executive Officer of the Company replacing Mr. Avigdor Kaplan, who has been appointed chairman of the board of directors. Following Mr. Kaplan's appointment as the Chairman of the board of directors, Mr. Amit Ben Itzhak resigned as a member of the board of directors. Mr. Yaniv served as the Chief Executive Officer of the Company's subsidiary, Dor Alon Energy in Israel (1988) Ltd., from 2000 to 2015 and as Chief Executive Officer of Supergaz Ltd., from 1996 to 2000. The board of directors announced that Messrs. Yaniv and Kaplan will serve as the Company's CEO and Chairman of the board of directors, respectively, and is looking forward to working with both Mr. Yaniv and Mr. Kaplan for the benefit of the Company.

 

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