Israel Corp narrows loss on smaller loss at shipping unit Zim

Newswire

JERUSALEM, May 30 (Reuters) - Israel Corp, one of Israel's largest holding companies, cut its quarterly loss in half due to a narrower loss at shipping unit Zim and higher profit at its chemicals subsidiary. Israel Corp posted on Thursday a first-quarter net loss of $41 million compared with $82 a year earlier. Its revenue rose to $2.79 billion from $2.55 billion a year earlier. Shipping unit Zim, which has been hurt by tough economic conditions, recorded a loss ...

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