May 16, 2018 / 6:12 AM / 2 months ago

Israel's Azrieli Group Q1 net profit up 8 pct

TEL AVIV, May 16 (Reuters) -

* Israeli real estate developer Azrieli Group reported on Wednesday first-quarter net profit of 259 million shekels ($72 million), up from 240 million a year earlier.

* Azrieli, which built Tel Aviv’s Azrieli office and shopping complex, said net operating income (NOI), which reflects the group’s core business, rose 10 percent to 371 million.

* During the quarter the company invested 332 million shekels in the development and upgrading of its properties.

* Occupancy rates at its shopping malls stood at 98 percent. ($1 = 3.5946 shekels) (Reporting by Tova Cohen, Editing by Ari Rabinovitch)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below