Consolidated Income revenues and gains for the three months period ended June 30, 2013 amounted to NIS 124 million ($ 34 million) compared to NIS 132 million in the corresponding period in 2012.
Revenues from the sale of fashion retail amounted to NIS 37 million ($ 10 million) in Q2 2013 compared to NIS 32 million in Q2 2012. The increase is mainly attributable to increase in revenue from same store.
Cost of fashion retail amounted to NIS 35 million ($ 10 million) in Q2 2013 compared to NIS 32 million in Q2 2012. The increase resulted from the increase in the revenue as aforementioned.
Revenues from hotels operations and management amounted to NIS 55 million ($ 15 million) in Q2 2013 and in Q2 2012.
Costs and expenses of hotels operations and management amounted to NIS 47 million ($ 13 million) in Q2 2013 compared to NIS 49 million in Q2 2012.
Rental income from commercial centers amounted to NIS 32 million ($ 9 million) in Q2 2013 compared to NIS 37 million in Q2 2012. The decrease is mainly attributable to the decreases in Fantasy Park operation.
Cost of commercial centers amounted to NIS 27 million ($ 8 million) in Q2 2013 compared to NIS 36 million in Q2 2012. The decrease is resulted from decreases in Fantasy Park operation as aforementioned and to increasing efficiency during 2013 in PC general and administrative expenses.
General and administrative expenses amounted to NIS 15 million ($ 4 million) in Q2 2013 compared to NIS 10 million in Q2 2012. The increase in mainly attributable to expenses relating to the Arrangement of the Company's unsecured financial debt.
Share in losses of associated, net amounted to NIS 33 million ($ 9 million) compared to Income of NIS 7 million ($ 2 million) in the corresponded period. Such losses in Q2 2013 are mainly attributable to the sale of project in India in the total loss of NIS 25 million ($ 7 million) and NIS 6 million ($ 2 million) relating to the operations of Insightec.
Elbit Imaging Ltd.
Fashion | On 23rd Jun 2018
Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...
Textiles | On 23rd Jun 2018
Algeria’s largest textile factory, the joint Algerian-Turkish company ...
Fashion | On 23rd Jun 2018
Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...
Angelina Francesca Cheang
'Consumers in the age-group 21 to 38 are driving the activewear trend'
Textile industry, India
The event should be organised every year
Indian textile value chain
Adopt innovative techniques, go for automisation rather than being...
Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...
Karan Behal, founder and chief executive of top-selling brand...
New Delhi-based Jogindra Industries Private Limited provides an assortment ...
Steve Cole of Xerium Technologies discusses the industry. Xerium is the...
Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...
The Indian market has huge potential in technical textiles, and by far,...
"Now we can see the Russian trend in international fashion. And Russian...
India Boulevard is a San Francisco-based curated fashion marketplace that...
She has carved a niche for herself as the national brand of Turkey. Her...