Israel Corp profit slips on Oil Refineries loss

Newswire

JERUSALEM, Aug 28 (Reuters) - Israel Corp, one of Israel's largest holding companies, reported lower quarterly profit that was weighed down by losses at its Oil Refineries unit and electric car venture and a smaller profit at its chemicals subsidiary. Israel Corp said on Tuesday it earned second-quarter profit of $83 million, down from $115 million a year earlier. Oil Refineries, Israel's biggest refinery, swung to a quarterly loss of $98.8 million due to ...

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