Bank Hapoalim, Israel’s largest bank, announced it had earned NIS 821 million during the first quarter of 2019. While this is up by 31% from earnings one year ago, it is still below the NIS 1.1 billion earned by Bank Leumi. Bank...
Headquarters in Tel Aviv Net profits of First International Bank rose 33.6% to NIS 183 million. First International’s return on equity was 9.5%. The bank’s profit from financing rose 9.1%, compared to NIS 681 million earned by First International in the first quarter...
Cellcom reported a loss of NIS 16.3 million for the first quarter of 2019, in contrast to profit of NIS 7 million earned by the company during the first quarter of 2018. However, in the last quarter of 2018, the company lost...
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...
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...
The Israeli Electric Company (IEC) announced it had made a net profit of NIS 166 million in the first quarter of 2019, up from the loss of NIS 67 million in the first quarter of 2018. The company’s income was NIS 6...
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...
Rada Radar Rada reported rapid growth in sales during the first quarter of 2019, during which time, company sales rose 44% to $8.7 million — thanks to a significant growth in its tactical radar systems. Gross profit totaled $3.2 million...
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...
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...