Connect with us


Israel Corp. Reports Fourth Quarter 2020 Results | News




TEL AVIV, Israel, March 21, 2021 / PRNewswire / – Israel Corporation Ltd. (TASE: ILCO) (“IC”) announced its fourth quarter and full year results for the period ending December 31, 2020.

Some financial figures for the fourth quarter and annual 2020:

M $

Q4/ 20

Q4/ 19



IC’s share of ICL’s profits





IC share in Bazan profit (loss)




Amortization of additional costs





Funding, overheads and other expenses at IC’s head office





IC Headquarters Tax Revenue (Expenses)


Net profit (loss) to shareholders of the company





Debt Balances and Liquidity at IC Headquarters1

From December 31, 2020, total financial liabilities1 were $ 1,711 million, and investments in liquid assets amounted to $ 635 million whose $ 12 are pledges of deposits.

Net debt1 from December 31, 2020 totaled $ 1,016 million. Net debt includes the fair value of derivative transactions, which reduce the economic value of financial liabilities by an amount of $ 60 million. From September 30, 2020, net debt1 was $ 1,018 million.

Additional updates

Following the epidemic of the Corona virus (COVID-19) in China in December 2019, and its spread to many other countries in 2020, there has been a decline in economic activity in many parts of the world and in Israel as well as.

As a holding company, IC’s financial results are primarily affected by the results of its owned companies. For more details, see the detailed financial report.

Total IC assets, net

M $

31/12/ 2020


ICL (~ 587 million shares, market value2)

2 988

Bazan (~ 1,058 million shares, market value2)


Total assets

3 227

CI net debt


Total assets, net


About Israel Corporation

Israel Corporation Ltd. (TASE: ILCO) (“IC”) is a reputable public investment firm, which owns and invests in high quality companies with established management and preferred markets.

In November 2019, IC announced its updated strategy, IC plans to expand its portfolio through new investments totaling $ 350 million500m over the next few years. IC plans to focus primarily on the Food (Inc. Tech), Agriculture (Inc. Tech), Health and Industry 4.0 sectors. For more details, please see the following link to Introducing IC’s Updated Strategy

IC strives to generate a return on investment through active participations on the board of directors and our operational and managerial expertise.

IC’s current major holdings include an approximate 46% stake in ICL Group (NYSE: ICL, TASE: ICL) and an approximate 33% stake in Bazan Group (TASE: ORL). IC is listed on the Tel Aviv Stock Exchange under the symbol ILCO.

For more information on IC, see the documents published by IC, available on the Tel Aviv Stock Exchange website at

Please also see IC company website http://www.israelcorp.comfor more information.

Practical translation

The financial information contained in this press release is a summary in English based on the original Hebrew financial statements and is for the convenience of the reader only. The binding version is the original in Hebrew.

Forward-looking statements

This press release may contain forward-looking statements which may not materialize and are subject to risks and uncertainties beyond the control of IC, which may cause actual results to differ materially from those contained. in the information.

Investor Relations Contacts

Idan Hizki

Senior Director, Business Development and Investor Relations

Phone: +972 3 684 4500

[email protected]

1Israel Corp and its wholly owned and controlled headquarters companies.

2From December 31, 2020.

Cision Show original content:

SOURCE Israel Corporation Ltd.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]