date:Jun 02, 2012
oducts as well as reductions in the prices of certain products in response to consumer concern. The company expects the decline in its gross margins to continue in the second quarter of 2012 compared to 2011 second quarter's gross margins.
Willi-Food's operating income for the first quarter of 2012 decreased by 25.4% to NIS4.7m ($1.3m) compared to the previous year.
The company's net income in the first quarter of 2012 decreased 21.8% to NIS4.8m ($1.3m) from NIS 6.2m ($1.7m) recorded in the fi