UPDATE: Ituran Location & Control (ITRN) Posts Q2 EPS of 60c
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Ituran Location And Control Ltd. Presents Results For The Second Quarter 2015
August 13, 2015 6:00 AM EDTAZOUR, Israel, Aug. 13, 2015 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN, TASE: ITRN), today announced its consolidated financial results for the second quarter ended June 30, 2015.
Highlights of the Second Quarter
Record net subscribers adds in the quarter amounting to 34 thousand; total subscribers reached 879,000 as of June 30, 2015; In local currencies, Ituran demonstrated year-over-year growth in revenue, operating profit and net profit; Gross margins at 50.8% and operating margins at 22.9%; EBITDA of $12.7 million or 29.0% of revenues; Generated $10.7 million in operating cash flow; ended the... More