Ituran Reports Higher Revenue, Income Featured

By Staff Writer March 12, 2019 394

Ituran Location and Control Ltd. announced strong results for the fourth quarter.

Revenue was $79.2 million, up 31 percent year-over-year.

Net income was $15.2 million, up 55 percent year-over-year.

The payment assurance provider generated $18.5 million in quarterly operating cash flow.

Ituran’s subscribers increased to 1,770,000 at year-end.

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Last modified on Monday, 18 March 2019 18:09