Teva, once the flagship company of the Israeli economy, has had more woes than the prophet Job. Despite its many problems, Teva still has a strong core business and hopes that by cutting enough expenses from its operations it can become profitable...
The Israel Aerospace Industries reported it had earned $15 million during the first quarter of 2019. This is $1million more than IAI earned during first quarter of 2018. Sales of the company rose by 13.5% to $1 billion. The growth in sales...
Bank Leumi and Bank Discount, two of Israel's leading banks published their financial results today. Both reported excellent results, and thanks to cost-cutting, both have become very profitable. After undergoing several self-inflicted wounds, including legal difficulties in the United States, Israel’s banking sector as...
Zim experienced a challenging quarter. Its overall fright carried dropped 4.3%. However, in light of an increase in freight charges, Zim revenue actually rose by 6%. Offsetting the increase in revenue, was the rising price of oil, which caused the company’s losses...
Bank Mizrachi
Bank Mizrahi-Tefahot reported a net profit of NIS 404 million during the first quarter of 2019. This profit is up from NIS 343 earned by the Bank during the first quarter of 2018 and which represents an increase of 18%. Bank...
Elbit reported positive results for the first quarter of 2019. It was the first quarter that included the full consolidation of Israel Military Industries and Universal Avionics in its reporting, and as such, sales were clearly up. However, IMI’s lower margins resulted...
Israel Chemicals reported sales of $1.4 billion, which represents a .8% growth. That number is misleading since in the first quarter of 2018 there was a one time sale of $46 million. In addition, the exchange rate changes decreased the company’s income...
Bank Leumi reported it had earned NIS 1.1 billion during the first quarter of 2019. This represents an increase of 49.6% from 2018. This sum of profit translates into a return on equity of 12.7%, up from 9% a year earlier. Part...
Elbit reported second quarter results today which reflected an increase in revenue of nearly 20% from the second quarter of 2018. Most of the increase reflects the integration of Israel Military Industries It reported having a backlog of $9.8 billion in orders.
787 Arriving to El Al
El Al had its worst quarter ever, losing $55 million. The company’s monumental loss is attributed to a number of factors, the most significant of which, is a drop in passengers. El Al’s income dropped to $429 million...
