Shikun & binui: leap of 130 percent in net profit for the fourth quarter of 2018 revenue grew 40% in Ceo Moshe lahmani finished his job and the company has launched a program for share repurchase of bonds totaling up to 100 million klbott shikun & binui + 10.03% tonight released its results for the fourth quarter of the year 2018 with an increase of approximately 40% in revenue and jump of 129 percent in net profit. The company reported that ceo Moshe lahmani finishes his job soon (date TBD), and launched a programme to purchase bonds of Trump’s 8-5 of up to 100 million. The company’s stock rose 24 percent in the past year and traded at 1.2 capital multiplier. More articles about: Yes faith achieved test results for treating liver cancer Tower extends agreement with Panasonic, incomes are clipped revenues in the fourth quarter of the year 2018 totaled 2.1 billion, an increase of 40% compared to revenues of approximately $1.5 billion in the prior year quarter. The increase in revenue the group is attributed mainly to the increase in revenue from the contractor in Israel, estate and energy. Bottom line, the group reported a net profit of approximately $342.7 million, a leap of 129% compared to net income of approximately $149.9 million in the prior year quarter.
Decline in the housing market in Israel, the company reports that the volume of transactions signed in 2018 totaled 562.1 million, a decrease of 31% in relation to the transactions were signed last year, which was also imposed by 42% compared to the previous year. Also in terms of the number of contracts signed a 31 percent decrease compared to the year 2017, a decrease of 42% in 2016. Given the differences in the mix of apartments sold, not much can compare their price, but the average price for an apartment in 2018 stood at approximately 1.75 million, a decrease of 1.1% compared to the previous year. Moshe lahmani ceo of shikun & binui “shikun & binui finishing the year with a significant improvement in profitability in the wake of a series of excellent business moves we made throughout the year. Our group strategy is focused on developing, implementing and operating projects throughout the value chain, while enhancing and you value of the assets. At the beginning of 2019 were holdings on ADO record profit and cash flow in high-society as Honorary Chairman of the Board. In addition, we are the strategic move to purchasing a contracting company in the United States, and the ratification of both credit rating companies-rankings and upgrade “. Janni Xi’an salary wage group is Moshe Levi, who enjoys a salary of approximately $5.5 million for about 5 months. Second, Denise, ceo company Miron held in Uganda, had to settle for an annual wage rise about 3.2 million only.