A considerable improvement was recorded in profit, up
to NIS 10.2 million in 1995.
Ackerstein Industries wound up a year of great
recovery with a profit of NIS 20.2 million in 1995, as
compared with NIS 1.2 million in 1994. In the fourth
quarter of 1995, the company's profits totalled NIS 3.9
million, further to the improved performances of the
previous quarter, resulting from the unprecedented wave
of building starts that swept Israel as from the
beginning of the year.
The fields of activity of Ackerstein Industries - such
as the manufacture and marketing of cement products for
environmental development, silicate construction
products, concrete tiles etc., and related execution
services - are characterised by strong competition.
The revenues of Ackerstein Industries rose to NIS
164.4 million compared to NIS 141.4 million in 1994. As
from the beginning of 1995, the company stepped up its
volume of activity in the infrastructure products field
by introducing new engineering solutions developed by
it, and by completing production lines for those
products.
In the first quarter of 1996, the closure of the
territories and the slowdown in construction activity
resulted in a curtailment of the company's volume of
operations