News Briefs

  8/29/2011, Av 29, 5771

Africa-Israel: NIS 82 Million Profit in Second Quarter

The Africa Israel investment company reported a net profit of 82 million shekels during the second quarter of 2011 on Monday. The figure compares to a loss of 234 million during the same period last year, due to debt retirement.

Lev Levayev's company is expected to post a 60-million-shekel pre-tax profit during the third quarter.