NIS 330m profit for Oil Refineries in last quarter before split: First half revenue rose 25% to NIS 15.5 billion.

From: Globes | Date: September 21, 2006 | Copyright information

Byline: Gal Nissim

Sep. 21--Oil Refineries Ltd. posted a profit of NIS 330 million in the second quarter of 2006, compared with NIS 400 million in the corresponding quarter in 2005, reveal the company's reports published today. Oil Refineries' net profit fell to NIS 679 million in the first half of 2006, from NIS 681 million in the corresponding period in 2005. Company revenue in the first half of 2006 totaled NIS 15.5 billion, a 25 percent increase on NIS 12.1 billion in the first half of 2005. Despite the increase in revenue, Oil Refineries' profitability was eroded ...

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