Israel Corp profit rises on turnaround at shipping unit Zim

Newswire

JERUSALEM, Nov 27 (Reuters) - Israel Corp, one of Israel's largest holding companies, reported a rise in quarterly profit due to a move to a profit at its shipping unit, Zim. Israel Corp said on Tuesday it earned third-quarter profit of $159 million, up from $151 million a year earlier. Zim, which had been struggling on the heels of the global economic downturn, posted a profit of $16 million - its best period in two years - compared with a $66 million loss in ...

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