Bloomberg News

Israel Corp. Drops Most in Week After First Quarter Loss Widens

May 30, 2012

Israel Corp. (ILCO) dropped the most in a week after the holding company said first quarter loss widened 44 percent.

The shares fell 2.5 percent, the most since May 23, to 2,117 shekels at 11:11 a.m. in Tel Aviv.

The company’s loss widened to $82 million from $57 million in the same period last year. Revenue rose to $2.62 billion from $2.58 billion.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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