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(From Israel Business Arena)
Byline: Globes' correspondent
Israel Corp. (TASE:ILCO), controlled by Ofer Brothers, posted a net profit of NIS 409 million for the second quarter of 2004, compared with NIS 63 million for the corresponding quarter of last year. Israel Corp. posted a net profit of NIS 560 million for the first half of the year, 257% more than the NIS 157 million for the first half of 2003.
The improvement in Israel Corp.'s profit is due the improvement in the results of Israel Chemicals (TASE:CLIM), Oil Refineries and Zim Israel Navigation Co. for the second quarter. Israel Chemicals posted a profit of $106.9 million for the second …