and amortization). A decrease in financing expenses due to a decrease in the interest rate on bank loans contributed to the increase in the net profit attributable to the shareholders of MalamTeam, amounting to NIS 67.2 million, compared to NIS 64.4 million in 2017.During the year, Malam Team generated NIS 79.5 million from current operations, down from NIS 104 million in 2017, which is explained by a change in working capital. At the end of the year, the company had NIS 107 million in cash, and announced a dividend of NIS 7 per share (NIS 15.3 million in total) and an intention to distribute at least NIS 30 million as dividends in 2019.According to Shlomo Eisenberg, chairman of the company and controlling shareholder, “The financial results for 2018 in general and in the fourth quarter in particular indicate continued improvement in MalamTeam’s business performance in all the key parameters. These performance allowed the company’s board of directors to approve an additional dividend distribution for 2018 and to increase the expected distribution in 2019. “15 consecutive year of record”In Hilan Computer Company(12,370 -1.04%) Which is controlled by Avi Baum, revenues in 2018 grew by 11.9% to NIS 1.47 billion, with growth of 3.9% -28% in each of the operating segments, with the highest growth recorded in computer infrastructure. Hilan’s EBITDA amounted to NIS 172 million, an increase of 11.9% from 2017, and net profit attributable to shareholders reached NIS 103 million, compared to NIS 93.2 million in 2017.
As mentioned above, the cash flow from operating activities decreased by NIS 78.5 million compared with NIS 121 million in 2017, and the decrease is explained by changes in working capital items. At the end of the year, the company had NIS 84.9 million in cash and it will distribute a dividend of NIS 1 per share (NIS 22.5 million) in April 2011. At the end of 2018, Hilan announced the acquisition of ITway for NIS 59 million.Hilan chairman Avi Baum said, “This is the 15th year in a row that Chilan is showing record results of growth in revenues and profits. The acquisition of ITway is an important part of the strategy that the Group has been taking in recent years to expand its business operations, and I am convinced that the acquisition will contribute to the expansion of our activities in the cloud sector in Israel. ” Matrix has been operating abroad for several years.Zvi Frank’s second and modest exit: Zamingo’s sale of the computer to NIS 16 million