{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/ituran-location-and-control-ltd-presents-results-for-the-first-quarter-of-2021/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Ituran Location and Control Ltd. Presents Results For The First Quarter Of 2021","slug":"ituran-location-and-control-ltd-presents-results-for-the-first-quarter-of-2021","createdLocal":"2021-05-25 14:30:56.479761","publishDate":"None","feedName":"Connected Car","sourceUrl":{"sourceUrl":"https://www.prnewswire.com/news-releases/ituran-location-and-control-ltd-presents-results-for-the-first-quarter-of-2021-301298547.html"},"postSummary":{"childMarkdownRemark":{"html":"<p>AZOUR, Israel, May 25, 2021 /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN), today announced its consolidated financial results for the first quarter of 2021.\nFirst Quarter 2021 ResultsRevenues for the first quarter of 2021 were $67.4 million, a decrease of 1% compared with revenues of $68.4 million in the first quarter of 2020.\nThe gross margin in the quarter on subscription revenues was 54.5%, compared with 54.4% in the first quarter of 2020.\nFinancial expense for the quarter was $1.0 million compared with a financial expense of $0.7 million in the first quarter of last year.\nNet income for the first quarter of 2021 was $8.3 million (12.3% of revenues) or earnings per share of $0.40.</p>"}}}},"pageContext":{"slug":"ituran-location-and-control-ltd-presents-results-for-the-first-quarter-of-2021"}}}