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Rami Levi Drops Most in Two Weeks as Quarterly Income Declines

March 20 (Bloomberg) -- Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. 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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