Israel Corp. Drops Most in Week After First Quarter Loss Widens
Israel Corp. (ILCO) dropped the most in a week after the holding company said first quarter loss widened 44 percent.
The shares fell 2.5 percent, the most since May 23, to 2,117 shekels at 11:11 a.m. in Tel Aviv.
The company’s loss widened to $82 million from $57 million in the same period last year. Revenue rose to $2.62 billion from $2.58 billion.
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at firstname.lastname@example.org
To contact the editor responsible for this story: Claudia Maedler at email@example.com