D&B Israel ranks Ofer Brothers subsidiary Israel Corp. (TASE: ILCO) as Israel’s largest holding company, after it reported 4.5% shareholding’s equity growth in 2006 to $1.26 billion. The company posted a net profit of $55.7 million, and revenue from operations rose 4.6% to $6.2 billion.
The Dun’s 100 ranks Israel’s 100 largest enterprises on the basis of their shareholders’ equity, net profit, and other variables, including turnover.
D&B ranks IDB Holding Corp. Ltd. (TASE:IDBH) subsidiary IDB Development Corp. Ltd. (TASE: IDBD) in second place with $829 million in shareholders’ equity and a net profit of $241 million on $4.9 billion revenue in 2006. The Dun’s 100 also includes other IDB subsidiaries: Discount Investment Corporation (TASE: DISI), with $1.1 billion in shareholders’ equity, and Koor Industries Ltd. (NYSE: KOR; TASE: KOR), with $491 million in shareholders’ equity.
Delek Group Ltd. (TASE: DLEKG) is third place, with $773.5 million in shareholders’ equity, and a net profit of $339.5 million on $5.4 billion revenue in 2006. Bino Holdings Ltd.’ subsidiary FIBI Holdings Ltd. (TASE: FIBI) is in fourth place, with $452 million in shareholders’ equity, and a net profit of $87.1 million on $623.6 million revenue in 2006. Kardan NV (TASE: KRNV;AEX:KARD) is in fifth place, with $327.6 million in shareholders’ equity, and a net profit of $82.1 million in 2006.
Published by Globes [online], Israel business news - www.globes.co.il - on May 15, 2007
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