Rami Levi Drops Most in Two Weeks as Quarterly Income Declines

Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. (RMLI) retreated the most in two weeks after the operator of supermarket chains in Israel reported a decline in fourth-quarter profit.

The shares dropped 3.3 percent, the most since March 6, to 125.70 shekels at 11:46 a.m. in Tel Aviv,

Rami Levi said net income fell to 20 million shekels ($5.3 million) from 24.2 million shekels a year earlier.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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