Inactive Instrument

Africa Israel Industries Ltd.

AFID

IL0008000114

Africa Israel Industries Ltd. Announces Earnings Results for the Second Quarter of 2016

August 27, 2016

Africa Israel Industries Ltd. announced earnings results for the second quarter of 2016. For the quarter, the company reported loss of ILS 42 million completely attributable to its Negev Ceramics subsidiary.

Latest news about Africa Israel Industries Ltd.

Africa Israel Industries Ltd. Auditor Raises 'Going Concern' Doubt	18-03-24	CI
Viola Credit agreed to acquire Negev Ceramics Ltd. from Africa Israel Industries Ltd..	17-04-26	CI
Viola Credit agreed to acquire Negev Ceramics Ltd. from Africa Israel Industries Ltd. for approximately ILS 340 million.	17-04-03	CI
Africa Israel Industries Ltd. Auditor Raises 'Going Concern' Doubt	17-03-23	CI
Africa Israel Industries Ltd. Announces Earnings Results for the Second Quarter of 2016	16-08-27	CI
Africa-Israel Industries Reports Earnings Results for the First Quarter of 2015	15-05-31	CI
An unknown buyer completed the acquisition of the remaining 65% stake in Cloudwalk Holdings from Africa-Israel Industries Ltd.	12-12-08	CI
An unknown buyer signed a memorandum of understanding to acquire the remaining 65% stake in Cloudwalk Holdings from Africa-Israel Industries Ltd for $1.2 million.	12-11-12	CI
Africa-Israel Industries Ltd (TASE: AFID) cancelled the acquisition of the assets and activity of Yacoby Steel Corporation.	12-07-14	CI

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Company Profile

Africa Israel Industries Ltd., formerly Africa Industry Ltd., is an Israel-based company. It specializes in the processing of steel, ceramic and plastic products. The Company, through its subsidiary, Packer Steels and Metals Ltd., is engaged in the import, processing and marketing of flat steels and metals, welded and seamless pipes, as well as open and welded profiles. It is also involved, through Packer-Yadpaz Ltd., in the production of anti-corrosion metal protection, hot dip galvanizing and painting of galvanized steel products. The Company's other subsidiaries are Packer Cold Finished Bars Ltd., which produces cold-finished bars and hot-rolled steel and brass bars, and Packer Quality Steels Ltd., engaged in the import and sale of special steel in various grades and shapes. The Company, through its subsidiary Negev Ceramic Ltd. manufactures and imports, markets and distributes ceramic and porcelain tiles, sanitary and other finished products for interior design and home renovation.

Sector

Iron & Steel

More about the company

Sector Iron, Steel Mills & Foundries

	1st Jan change	Capi.
JSW STEEL LIMITED	+1.77%	25.86B
BAOSHAN IRON & STEEL CO., LTD.	+18.55%	21.23B
CHINA STEEL CORPORATION	-7.41%	11.73B
JINDAL STEEL & POWER LIMITED	+25.93%	11.2B
CITIC PACIFIC SPECIAL STEEL GROUP CO., LTD	+10.61%	10.91B
INNER MONGOLIA BAOTOU STEEL UNION CO., LTD.	+10.96%	10.15B
TERNIUM S.A.	+1.48%	8.56B
BHARAT FORGE LIMITED	+3.56%	7.32B
JINDAL STAINLESS LIMITED	+22.33%	6.92B

Iron, Steel Mills & Foundries