search
Front

Incubator co Xenia reports jump in portfolio value

30 Aug, 2010 16:04
שלח תגובה במיילBatya Feldman

Xenia CEO: Some of our portfolio companies have shown a sharp rise in sales, profitability and positive cash flows.

Incubator company Xenia Venture Capital Ltd. (TASE:XENA) has reported a sharp aggregate rise in the value of its portfolio. The company said that the value of its portfolio companies has jumped nearly 40% since August 2008 to NIS 315 million, giving the company a value of NIS 4.12 per share.

Xenia CEO Anat Segal said, "Some of our portfolio companies have shown a sharp rise in sales, profitability and positive cash flows. A number of companies are in a floatation stage and investors are expressing interest in investing in some of the companies."

Some of Xenia's portfolio companies are undergoing significant development. Medical device company NeatStitch Ltd. received its first orders in the past quarter from a number of US hospitals including the Virginia Medical Center. The company has approval from the US Food and Drug Administration (FDA) and EU CE Mark.

Arcos Ltd., which develops and markets real-time conversion and broadcasting components for digital multimedia software reported sales of NIS 9 million in the first half of 2010. The company is already profitable and generates positive cash flow.

The company's share price was up 5.65% in late afternoon trading to NIS 1.85.

Published by Globes, Israel business news - www.globes-online.com - on August 30, 2010

© Copyright of Globes Publisher Itonut (1983) Ltd. 2010

Tel Aviv Stock Exchange credit: Shutterstock MagioreStock Foreign investment in TASE hits five-year high

Foreign investors have been flocking to the Tel Aviv Stock Exchange in recent weeks, the TASE research department tells "Globes."

Tel Aviv Stock Exchange share prices rising credit: Tali Bogdanovsky TASE opens sharply higher after Trump U-turn on tariffs

The pause is being interpreted as a climb down after US President Donald Trump admitted he had made the move to calm the markets.

Tomer Weingarten Photo: PR Trump targets SentinelOne exec in act of revenge

The US administration has suspended the security clearance of the company's chef intelligence and public policy officer Chris Krebs and everyone associated with him.

Elbit Systems tank turret systems credit: Elbit Systems Elbit Systems wins $100m tank turret systems deal

The Israel defense electronics company will supply its advanced UT30 MK2 unmanned turret systems to General Dynamics European Land Systems (GDELS) to be supplied to a NATO European country.

groundcover founders credit: Yossi Yarom Israeli observability co groundcover raises $35m

groundcover has developed a “Bring Your Own Cloud” (BYOC) observability solution, redefining the architecture of a modern observability platform.

Nir Zuk credit: Inbal Marmari Palo Alto Networks mulls buying AI security co for $700m

Sources inform "Globes" that on Palo Alto's radar is Protect AI.

Thu: TASE ends volatile week with strong gains

NICE Systems led the gains today as Shufersal fell. The market will be closed Sunday for the Passover holiday.

Up 250%, Ashot Ashkelon wins another Defense Ministry order

The Israeli defense company's share price has risen 250% in the past three years since FIMI Opportunity Funds acquired control.

Phoenix Investment House CEO Avner Hadad credit: Tommy Harpaz "The market has priced in all the bad things"

Phoenix Investment House CEO Avner Hadad says US markets could continue to fall, but that we are close to interesting territory for patient investors.

ZIM ship credit: ZIM Trump's tariffs torpedo ZIM's share price

ZIM's share price fell 16.4% on Wall Street on Thursday and a further 7.2% on Friday, closing with a market cap of $1.5 billion, wiping out all its gains in 2025.

Yoni Assia CEO eToro Credit: PR eToro defers IPO amid market turmoil

The online trading platform had planned to begin meetings with investors this week.

Caesarstone kitchen credit: Caesarstone Caesarstone bucks Nasdaq as tariffs boost potential

The Israeli quartz countertop manufacturer company has fallen on hard times due to Chinese rivalry but tariffs could boost its revenue.

Arkady Volozh credit: Shlomi Yosef Analysts see Israel-linked Nebius challenging CoreWeave

Nebius, founded by Yandex founder Arkady Volozh, operates in CoreWeave's AI server market, but is growing "more rationally", and has far less debt.

Highcon chairperson Shlomo Nimrodi credit: PR Packaging tech co Highcon winding down

The company, which numbers Benny Landa and JVP among its investors, is laying off most of its workforce, having lost 99.9% of its value since its flotation.

Tel Aviv credit: Shutterstock Tel Aviv slips in World's Wealthiest Cities ranking

Tel Aviv's position as one of the world's wealthiest cities took a big knock over the past year as it slipped from 42nd to 48th in investment advisors Henley & Co.'s "World's Wealthiest Cities" Top 50 ranking.

Accountant General Yali Rothenberg credit: Rafi Kutz Israel's fiscal deficit continues to narrow

The deficit narrowed in the twelve months to the end of March 2025, for the sixth consecutive month, Ministry of Finance accountant general Yali Rothenberg reported today.

President Donald Trump hosts Prime Minister Benjamin Netanyahu credit: Reuters Kevin Mohatt Israeli officials confident on US tariff concessions

Senior Israeli figures believe that concessions could be tied to progress on strategic regional political issues that are important to President Trump.

Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018