Economy

Israel Corp Quarterly Profit Rises 23% to $53 Million

Published

Courtroom-sketch editorial illustration of the Dead Sea Works industrial plant, with dense pipes and steel processing towers behind a yellow haul truck.

Israel Corporation Ltd. reported second-quarter net profit attributable to shareholders of $53 million, up from $43 million a year earlier, a 23% increase. Its share of ICL's profit rose to $59 million from $40 million, while Prodalim's contribution slipped to $1 million from $2 million. At June 30, the company held $704 million in liquid assets against $644 million in financial liabilities and reported $123 million in net cash. Net assets totaled $3.238 billion, including ICL holdings valued at $2.845 billion, Prodalim at $168 million and AKVA Group at $86 million.

Sources

Primary sources:1

Related stories

  1. Odysight Signs Boeing Agreement to Demonstrate Predictive-Maintenance AI
  2. BridgerPay Says AI Rerouting Recovered $55 Million for Israeli Businesses
  3. BrainsWay Posts Record $17.1 Million Q2 Revenue as Shipments Rise
  4. Cellcom Posts Highest Quarterly Profit Since 2015 as Net Income Hits NIS 92 Million
  5. Valens Raises 2026 Revenue Outlook After Q2 Sales Beat Guidance

Something went wrong

We couldn't complete that action. Check your connection and try again.