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Israel Corp. Reports Results for First Quarter of 2024
TEL AVIV, Israel , May 30, 2024 /PRNewswire/ -- Israel Corporation Ltd. (TASE: ILCO) ("ILCO") announced today its first quarter results for the period ending March 31, 2024.
Selected Financial Figures for the First Quarter 2024:
$m
Q1/24
Q1/23
ILCO share in ICL profit[1]
48
123
Amortization of excess cost
(1)
(1)
Financing, G&A and other expenses at ILCO headquarter level
(1)
(5)
Tax income of ILCO Headquarters
16
-
Net profit to company's shareholders
62
117
Liquidity at the ILCO Headquarters Level[2]
As of March 31, 2024, total financial liabilities were $869 million, and investments in liquid assets amounted to $978 million of which $10[3] million are pledged deposits.
Net cash[1] as of March 31, 2024, totaled