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Ampal-American Israel Corporation Reports Third Quarter 2012 Financial Results

Ampal-American Israel Corporation Reports Third Quarter 2012 Financial Results

TEL AVIV, Israel, Nov. 13, 2012 (GLOBE NEWSWIRE) -- Ampal-American Israel
Corporation (Nasdaq:AMPL), a holding company with experience in acquiring
interests in various businesses with emphasis in recent years on energy,
chemical and related fields, today announced financial results for the third
quarter ended September 30, 2012.

For the quarter ended September 30, 2012, Ampal recorded revenues of $107.9
million, compared to revenues of $140.5 million for the corresponding period
in 2011.

Net loss for the quarter was ($2.9) million, or ($1.03) per basic and diluted
share, compared to a net loss of $(20.3) million, or ($7.21) per basic and
diluted share, for the corresponding period in 2011 (the number of Ampal's
shares was retroactively adjusted to reflect a reverse stock split (effective
at 5:00 pm EDT on July 20, 2012) in accordance with Ampal's announcement dated
July 16, 2012).

As of September 30, 2012, the Company had cash, cash equivalents, other
financial investments and deposits of $52.7 million.

Ampal ended the quarter with total assets of $511.4 million and a capital
deficiency of ($143.1) million, as compared to total assets of $846.6 million
and shareholders' equity of $78.0 million at December 31, 2011.

FINANCIAL HIGHLIGHTS
(In thousands, except earnings per share)
                                                                                                                     
                                                                           Three Months Ended
                                                                          September 30,
                                                                           (Unaudited)
                                                                          2012                                        2011
Revenues                                                                   107,867                                    140,458
Net (loss) gain                                                            (2,901)                                    (20,234)
Basic EPS (loss) gain per Class A share                                    (1.03)                                     (7.21)

                                                                                                                     

                                         September 30, 2012 December 31, 2011
Total Assets                              511,437           846,609
Ampal's Shareholders' Equity (capital     (143,134)         78,038
deficiency)

About Ampal:

Ampal and its subsidiaries acquire interests primarily in businesses located
in the State of Israel or that are Israel-related. Ampal is seeking
opportunistic situations in a variety of industries, with a focus on energy,
chemicals and related sectors. Ampal's goal is to develop or acquire majority
interests in businesses that are profitable and generate significant free cash
flow that Ampal can control. For more information about Ampal please visit our
web site at www.ampal.com.

The Ampal-American Israel Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9750

Safe Harbor Statement

Certain information in this press release includes forward-looking statements
(within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934) and information relating to Ampal
that are based on the beliefs of management of Ampal as well as assumptions
made by and information currently available to the management of Ampal. When
used in this press release, the words "anticipate," "believe," "estimate,"
"expect," "intend," "plan," and similar expressions as they relate to Ampal or
Ampal's management, identify forward-looking statements. Such statements
reflect the current views of Ampal with respect to future events or future
financial performance of Ampal, the outcome of which is subject to certain
risks and other factors which could cause actual results to differ materially
from those anticipated by the forward-looking statements, including among
others, the economic and political conditions in Israel, the Middle East,
including the situation in Iraq and Egypt, and the global business and
economic conditions in the different sectors and markets where Ampal's
portfolio companies operate. Should any of these risks or uncertainties
materialize, or should underlying assumptions prove incorrect, actual results
or outcome may vary from those described herein as anticipated, believed,
estimated, expected, intended or planned. Subsequent written and oral
forward-looking statements attributable to Ampal or persons acting on its
behalf are expressly qualified in their entirety by the cautionary statements
in this paragraph. Please refer to Ampal's annual, quarterly and periodic
reports on file with the SEC for a more detailed discussion of these and other
risks that could cause results to differ materially. Ampal assumes no
obligation to update or revise any forward-looking statements.

CONTACT: AMPAL-AMERICAN ISRAEL CORPORATION
         Irit Eluz
         CFO - SVP Finance & Treasurer
         1 866 447 8636
         irit@ampal.com
        
         KM - Investor Relations
         Roni Gavrielov
         011-972-3-516-7620
         roni@km-ir.co.il
        
         PM-PR Media consultants
         Zeev Feiner
         011-972-50-790-7890
         z@pm-pr.com

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