AMPAL-AMERICAN ISRAEL CORPORATION REPORTS 1995 SECOND QUARTER RESULTS.NEW YORK--(BUSINESS WIRE)--August 14, 1995--Ampal-American Israel Israel, in the Bible Israel (ĭz`rēəl, ĭz`rāəl) [as understood by Hebrews,=he strives with God], according to the book of Genesis, name given to Jacob as eponymous ancestor of the Hebrews, the chosen people of God. Corporation (AMEX AMEX See: American Stock Exchange :AIS (1) (Accounting Information System) The human and machine resources within an organization that are responsible for collecting and processing the daily transactions and preparing financial reports. .A) today reported net income of $1,001,000, equal to $.03 per Class A Share for the three months ended June June: see month. 30, 1995, compared to net income of $501,000, or $.02 per Class A Share for the three months ended June 30, 1994. For the six months ended June 30, 1995, Ampal reported net income of $2,587,000, equal to $.09 per Class A Share, compared to net income of $3,175,000, equal to $.12 per Class A Share, for the six months ended June 30, 1994. Revenues for the three months ended June 30, 1995, were $19,869,000, compared to $17,371,000 for the same period in 1994. Revenues for the first six months of 1995 were $39,478,000, compared with $37,546,000 in the same period last year. Ampal and its subsidiaries acquire interests in businesses located in the State of Israel or that are Israel-related. An important objective of Ampal is to make investments in companies which take advantage of growth in Israel's domestic economy. Ampal and its subsidiaries have diversified diversified (di·verˑ·s interests in the following sectors: hotels and leisure-time, real estate, energy distribution, basic industry, high technology and communications, as well as others. -0-
FINANCIAL HIGHLIGHTS
(Unaudited)
(In thousands, except earnings per share)
Six Months Ended Three Months Ended
June 30, June 30,
1995 1994 1995 1994
Revenues $ 39,478 $ 37,546 $ 19,869 $ 17,371 Net Income $ 2,587 $ 3,175 $ 1,001 $ 501 Earnings per Class A Share $ .09 $ .12 $ .03 $ .02
June 30, 1995 December 31, 1994
(Audited)
Total Assets $369,591 $342,880 Shareholders' Equity $176,098 $173,494 AMEX TICKER SYMBOLS Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : Class A Stock: AIS.A Warrants: AIS.WS CONTACT: Ampal-American Israel Corp. Lawrence Lawrence. 1 City (1990 pop. 26,763), Marion co., central Ind., a residential suburb of Indianapolis, on the West Fork of the White River. It has light manufacturing. 2 City (1990 pop. 65,608), seat of Douglas co., NE Kans. Lefkowitz President 212/782-2100 |
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