Servizi
Israel Corp. Reports Results for Third Quarter of 2024
As of September 30, 2024 , total financial liabilities were $722 million , and investments in liquid assets amounted to $843 million of which $31 million are pledged deposits.
Net cash as of September 30, 2024 , totaled $84 million . The net cash includes the fair value of derivatives transactions, which increases the economic value of the financial liabilities by $37 million . As of June 30, 2024 , the net cash was $64 million .
On March 27, 2024 , ILCO Board of Directors decided on distribution of dividend at the sum of $37m , this in accordance with the company's dividend policy announced in January 2023 . The payment date was April 17, 2024 .
On July 17, 2024 , S&P Maalot, reaffirmed ILCO's credit rating of ilA+/stable.
ILCO financial results of ILCO are mainly affected by the results of its investees. For more details see detailed financial report.
Israel Corporation Ltd. (TASE: ILCO) ("ILCO") is a reputable public investment company, which owns and invests in high quality companies with established managements and go-to markets.
In November 2019 , ILCO announced its updated strategy, ILCO plans to expand its portfolio through new investments over the next few years. ILCO plans to focus mainly on the food (inc. tech), agriculture (inc. tech), healthcare and industry 4.0 sectors. For more details please see the following link to ILCO updated Strategy Presentation
ILCO strives to generate return on its investment through active board participations and its operational and managerial expertise.
ILCO current core holdings include c.44% stake in ICL Group (NYSE:ICL, TASE:ICL) and c.18% stake in AKVA Group (OB:AKVA). ILCO is publicly traded on the Tel Aviv Stock Exchange under the ticker ILCO and is included in the TA-35 Index.
For further information on ILCO, see ILCO's publicly available filings, which can be found on the Tel Aviv Stock Exchange website at http://maya.tase.co.il .
Please also see ILCO company website http://www.israelcorp.com for additional information.
Idan Hizki
Vice President, Business Development & Investor Relations
Tel: +972 3 684 4500
idanh@israelcorp.com
1. Amortization of excess cost
2. Israel Corp and its wholly owned and controlled headquarter companies.
3. Following the end of the quarter, $6m were np longer pledged
4. As of September 30, 2024
5. Includes 1.508m shares in Nordic Aqua Partners (OB:NOAP), after the end of the quarter NOAP successfully completed a financing round of
~NOK 366m , in which ILCO participated slightly above its pro-rata share ending with total shares of
1.98m .
View original content: https://www.prnewswire.co.uk/news-releases/israel-corp-reports-results-for-third-quarter-of-2024-302313398.html