UPDATE: G. Willi-Food Reports Downbeat Q1 Results

G. Willi-Food International Ltd WILC released its results for the first quarter on Tuesday. Willi-Food reported its Q1 operating income at NIS 6.8 million (US$ 2.0 million), compared to NIS 10.5 million (US$ 3.0 million), in the year-ago quarter.Willi-Food's net income dropped to to NIS 6.2 million (US$ 1.8 million), from NIS 7.4 million (US$ 2.1 million), in the year-ago quarter. Willi-Food's net income related to its shareholders came in at NIS 6.0 million (US$ 1.7 million), or NIS 0.45 (US$ 0.13) per share, compared to NIS 7.3 million (US$ 2.1 million), or NIS 0.68 (US$ 0.18) per share, in the year-ago quarter. Its sales came in at NIS 88.5 million (US$ 25.4 million), versus NIS 95.0 million (US$ 27.3 million), in the year-ago quarter. However, analysts were expecting earnings of $0.20 per share, on revenue of $30.40 million. Willi-Food shares gained 1.18% to close at $7.48 on Friday. Read more from Benzinga's Company news.