Israel Corp Q2 revenue, profit up

Kenon Holdings

18/08/2016 08:48

JERUSALEM, Aug 18 (Reuters) -  
    * Holding company Israel Corp  ILCO.TA  reported on Thursday 
higher second quarter profit and revenue, boosted by stronger 
performance of its subsidiary Israel Chemicals (ICL)  ICL.TA  
and a drop in expenses. 
    * Net income for the quarter nearly doubled to $81 million 
from $43 million a year earlier. Revenue rose to $1.4 billion 
from $1.2 billion. 
    * Israel Corp said potash producer ICL contributed $59 
million for the second quarter, up from $37 million in the same 
period 2015. Its other unit, Oil Refineries  ORL.TA , Israel's 
biggest refinery, contributed $32 million, down from $41 
million. 
    * Israel Corp, one of Israel's largest holding companies, 
spun off many of its assets into a new company, Kenon Holdings 
 KEN.N   KEN.TA , about two years ago. 
 
 
 (Reporting by Ari Rabinovitch) 
 ((ari.rabinovitch@thomsonreuters.com;  +972-2-632-2202; Reuters 
Messaging: ari.rabinovitch@thomsonreuters.com@reuters.net)) 
 
Keywords: ISRAEL CORP RESULTS/