IDB Holding lost NIS 1.2 billion for the corresponding quarter of 2012.
Ahead of the crucial court hearing on the future of IDB Holding Corp. Ltd. (TASE:IDBH), controlled by Nochi Dankner, the company published its financial report for the second quarter and first half of 2013. The net loss fell to NIS 108 million for the second quarter from NIS 1.2 billion for the corresponding quarter of 2012.
IDB Holding posted a net profit of NIS 22 million in the first half, compared with a net loss of NIS 953 million in the corresponding half of 2012.
Revenue rose to NIS 94.6 million for the second quarter from NIS 90 million for the corresponding quarter, but first half revenue fell to NIS 194 million from NIS 197 million for the corresponding half.
Published by Globes [online], Israel business news - www.globes-online.com - on August 25, 2013
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