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Kardan unit sells Russian bank stake to partner
September 2, 2010[Story ID: 12658] TBIF sold part of Sovcombank for ‘
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IDB Q2 profit down 90% to NIS 50m
August 31, 2010[Story ID: 12505] IDB Tourism lost NIS 36.7 million in the first half.
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HOT loses more TV customers
August 31, 2010[Story ID: 12448] The telecommunications company reported a second quarter net loss of NIS 49 million.
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Leumi to pay first dividend since 2008
August 31, 2010[Story ID: 12447] The bank reported net profit of NIS 660 million, 30.2% higher than the corresponding quarter.
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More customers, paying less, drive Partner revenue
August 30, 2010[Story ID: 12415] The mobile carrier posted a net profit of NIS 293 million on NIS 1.68 billion revenue.
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Credit Suisse pulls Discount Investments profit down 90%
August 30, 2010[Story ID: 12418] The IDB unit will distribute a NIS 300 million dividend for the second quarter, bringing its total dividends so far this year to NIS 870 million.
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US to sell Israel massive military fuel stocks worth $2 bn
August 30, 2010[Story ID: 12324] On Aug. 6, the US Defense Security Cooperation Agency informed Congress of the sale to Israel of 60 million gallons of unleaded gasoline, 284 million gallons of JP-8 aviation jet fuel and 100 million gallons of diesel fuel worth an estimated $2bn, saying: “Israel will have no difficulty absorbing this additional fuel [...]
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Asia deals drive drug co Can-Fite revenue growth
August 29, 2010[Story ID: 12332] Can-Fite narrowed its net loss by 68% to NIS 2.1 million for the second quarter.
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Hapoalim profit rises 34%
August 25, 2010[Story ID: 12190] The bank’s provisions for doubtful debts fell by 36% to NIS 341 million.
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Union Bank profit drops
August 23, 2010[Story ID: 12067] Union Bank’s mortgage activities grew by 75% in the first half of 2010 with NIS 856 million in new loans.
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Capital market losses weigh on Clal Insurance
August 22, 2010[Story ID: 12011] Second quarter net profit fell to NIS 29 million from NIS 151 million for the corresponding quarter.
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Ginko Oil Exploration IPO fails
August 18, 2010[Story ID: 11795] The company sought to raise NIS 34 million, but orders totaled just NIS 29.9 million.
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Quark in Novartis deal and plans TASE IPO
August 17, 2010[Story ID: 11731] The Novartis licensing agreement for Quark’s kidney disease drug could be worth $700 million.
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Mizrahi to pay first dividend since economic crisis
August 16, 2010[Story ID: 11674] Mizrahi Tefahot Bank’s net profit rose 34% to NIS 201 million for the second quarter.
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Ashtrom unit to bring KIKA to counter IKEA
August 15, 2010[Story ID: 11614] The real estate company bought 15% of KIKA Israel for NIS 11 million.
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Barak OKs buying 20 F-35s
August 15, 2010[Story ID: 11615] Subject to cabinet approval, the Israel Air Force will start taking delivery of the $96 million aircraft in 2015.
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Gabriella Ravid lands on her feet
August 11, 2010[Story ID: 11393] Ravid, who fell from grace as head of Psagot, will receive a package worth up to NIS 5 million in 2010 at DS Apex.
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Sapiens CEO: Q2 financials indicate positive momentum
August 11, 2010[Story ID: 11398] Sapiens posted a GAAP-based net profit of $1.4 million on $12.5 million for the second quarter.
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Retalix posts “solid quarter”
August 11, 2010[Story ID: 11400] The retail software developer posted $52 million revenue for the second quarter, 6.3% more than the $48.9 million for the corresponding quarter of 2009.
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Improvement continues at Delta Galil
August 11, 2010[Story ID: 11401] The intimate apparel maker saw 15% growth in second quarter sales to $156.7 million.