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Israel Corp. Q2 net profit up at NIS 409m.

Asia Africa Intelligence Wire

| August 22, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(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 …

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