TASE:INRMBuilding
Inrom Construction Industries (TASE:INRM) Stock Rallies Need Cleaner Earnings Proof
Inrom Construction Industries stock has been grinding lower for months, yet the latest earnings land with a very different message. Revenue in Q2 reached ₪383.8m and basic EPS came in at ₪0.29, both ahead of Q1, while trailing twelve month earnings and margins are still shaped by a hefty ₪80.5m one off gain. The market has treated Inrom like a tired construction play. This report forces investors to separate one off accounting uplift from the underlying profit run rate and decide whether...