Business
TLSY: Revenue and profit declined sharply in 2024, but Q4 showed early signs of recovery
TLSY: Revenue and profit declined sharply in 2024, but Q4 showed early signs of recovery
About this update from Telsys Ltd.
Revenue fell 28.5% year-over-year to ₪392 million as both SOM and distribution sales declined due to customer inventory drawdown, but Q4 showed improvement. Net income was ₪95.7 million, with major dividends paid and a new CEO appointed.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.