Israel Corp swings to Q1 loss on weak shipping unit

Newswire

JERUSALEM, May 26 (Reuters) - Israel Corp , one of Israel's largest holding companies, said on Thursday it swung to a loss in the first quarter, hurt by poor results in its shipping unit. The company posted a quarterly loss of $53 million, compared with profit of $49 million a year earlier. Israel Corp is the parent of Israel Chemicals (ICL) , the world's sixth-largest potash maker and the second-largest company on the Tel Aviv Stock Exchange by market capitalisation, and of shipping ...

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