Israel Corp swings to Q4 loss on weak shipping unit


JERUSALEM, March 29 (Reuters) - Israel Corp, one of Israel's largest holding companies, said on Thursday it swung to a quarterly loss, hit by a loss at its shipping unit. Israel Corp posted a fourth quarter loss of $52 million, compared with profit of $161 million in the 2010 period. Shipping unit Zim lost $150 million in the quarter after a profit of $96 million a year earlier. Zim attributed the loss to tough conditions in the global market and rising competition. Also weighing on Israel ...

Premium Content (PAID Subscription Required)

"Israel Corp swings to Q4 loss on weak shipping unit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×