Babylon Ltd. (BBYL) advanced to the highest level on record after the Israeli maker of translation and dictionary software said first-quarter profit and revenue more than tripled.
The shares rose 3.5 percent to 26.12 shekels at 12:59 p.m. in Tel Aviv, the highest intraday level since the shares were listed in Israel in February 2007. The advance lifted the company’s market value to 1.22 billion shekels ($321 million).
Net income rose to 14.4 million shekels from 4.19 million shekels a year earlier as revenue advanced to 113 million shekels from 33 million shekels.
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