Israel Corp. Reports Results for Fourth Quarter of 2023
Selected Financial Figures for the Fourth Quarter and 2023: |
||||
$m |
Q 4 /2 3 |
Q 4 / 22 |
2023 |
2022 |
IC share in ICL profit |
29 |
146 |
285 |
958 |
Amortization of excess cost |
(1) |
(1) |
(3) |
(4) |
Financing, G&A and other expenses at IC headquarter |
1 |
(3) |
(8) |
(67) |
Tax income (expense) of IC Headquarters |
(1) |
(10) |
(1) |
16 |
Net Profit from continuing activities |
28 |
132 |
273 |
903 |
Net Profit from discontinued operations1 |
- |
- |
- |
50 |
Net Profit to company's shareholders |
28 |
132 |
273 |
953 |
Liquidity at the ILCO Headquarters Level 2
As of
Net cash1 as of
Additional updates
On
On
ILCO financial results of ILCO are mainly affected by the results of its investees. For more details see detailed financial report.
ILCO Total Assets, Net |
|
$m |
|
Assets |
|
ICL (~567m shares, market value3) |
2,842 |
AKVA Group (~6.6m shares, market value2) |
38 |
Other4 |
12 |
Total Assets |
2,892 |
Net C ash |
70 |
Total Assets, net |
2,962 |
About
In
ILCO strives to generate return on its investment through active board participations and its operational and managerial expertise.
ILCO current core holdings include c.44% stake in
For further information on ILCO, see ILCO's publicly available filings, which can be found on the Tel Aviv Stock Exchange website at http://maya.tase.co.il.
Please also see ILCO company website http://www.israelcorp.com for additional information.
Convenience Translation
The financial information found in this press release is an English summary based on the original Hebrew financial statements and is solely for the convenience of the reader. The binding version is the original in Hebrew.
Forward Looking Statements
This press release may contain forward-looking statements, which may not materialize and are subject to risks and uncertainties that are not under the control of ILCO, which may cause actual results to differ materially from those contained in the disclosures.
Investor Relations Contacts
Idan Hizki
Vice President,
Tel: +972 3 684 4500
idanh@israelcorp.com
[1] For more details on the sale of 16.687% of Bazan shares please refer to IC Q3/2022 financial statements and immediate report dated
[2]
[3] As of
[4] Includes 1.513m shares in
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