Corporate Profile for Ampal-American Israel, dated February 9, 1996.--(BUSINESS WIRE)--The following Corporate Profile is available for inclusion in your files. News releases for this client are distributed by Business Wire and also become part of the leading databases and information services See Information Systems. . These include Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance News/Retrieval, Bloomberg Bloomberg A major global provider of 24-hour financial news and information including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. Financial Markets, Reuter Reu·ter , Baron Paul Julius von 1816-1899. German-born British journalist who founded (1848) Reuter's, one of the first international news agencies. Company Newsyear, Reuter Business Briefing, DataTimes, Nexis, Dialog, NewsNet, America OnLine See AOL. , CompuServe An online information service that provides access to the Internet, e-mail, instant messaging and an integrated contact list. Founded in 1969 as a timesharing service, CompuServe is one of the oldest online services, being the first to offer e-mail in 1979 and online chat a year later. , Delphi, Individual's HeadsUp and First!, Desktop Data's NewsEdge, UMI UMI University Microfilms International UMI United States Minor Outlying Islands (ISO Country code) UMI University of Miami UMI Universal Management Infrastructure (IBM) Data Courier A monospaced typeface originating from the typewriter that is commonly used for letters. It is still considered by many to be the "appropriate" typeface for business correspondence. , NewsBank, Information Access Company and many others. -0- Published date: February 9, 1996 Company name: Ampal-American Israel Corporation
Address: 1177 Avenue of the Americas
New York, NY 10036
Telephone No.: 212/782-2100 President & Chief Executive Officer: Lawrence Lefkowitz Vice President-Finance & Treasurer: Alan L. Schaffer Investor Relations Contact: Donna Stein -- Morgen-Walke Associates Business number: 212/850-5600 Public Relations Contact: Janice Lum Business number: 212/782-2113 Trading symbol: (AMEX:AIS.A) Industry: Holding Company Company description: Ampal-American Israel Corp. and its subsidiaries acquire interests 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. In determining whether to acquire an interest in a specific company, Ampal considers quality of management, qualifications of investment partners, potential return on investment, projected cash flow, market share and growth potential. Ampal possesses an attractive mix of businesses, with diversified diversified (di·verˑ·s interests in the following sectors: hotel and leisure-time, real estate, energy distribution, basic industry, high technology, communications and others. -0- FINANCIAL HIGHLIGHTS (in thousands except earnings per share)
Three Months Ended Year Ended
December 31, December 31,
(unaudited)
1994 1993 1994 1993
Revenues $ 19,214 $ 20,098 $ 80,943 $ 73,243 Income before cumulative effect of change in accounting principle 295 1,858 7,334 5,208 Net income 295 1,858 7,334 226(a) Earnings per Class A share $.01 $.08 $.27 $.01(a) Total assets 342,880 304,060 342,880 304,060 Shareholders' equity 173,494 116,817 173,494 116,817 (a) Includes cumulative effect on prior years of change in accounting principle of $(4,982), equal to $(.21) per share. CONTACT: Ampal-American Israel Corporation |
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