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      Archive: 8/29/2012

      News Brief

        8/29/2012, Elul 11, 5772

      Africa Israel Loses 725 Million

      The Africa-Israel company has reported a 725 million shekel loss in the second quarter of 2012. In comparison, the company earned 33 million in the second quarter of 2011.

      Company leaders said losses resulted from changes in price in real estate investments in Russia.