company
The training of the settlement
0%
Base:6,050
opening:0
High:0
low:0
change:—
Page Quote News Graphs Company Profile Recommendations
More articles on the subject:
Maniv, which deals in real estate, development and construction in Israel and abroad, published its financial statements for the second quarter of the year in which it records revenues of NIS 259.8 million compared to revenues of NIS 87.6 million in the corresponding quarter – an increase of almost 3 times.
The company’s NOI in the quarter amounted to approximately NIS 57 million, compared to approximately NIS 50 million in the corresponding quarter last year – an increase of 14%. The increase in the value of investment real estate increased by about 170% in the quarter to about NIS 400 million.
In the second quarter, the settlement’s training recorded a net profit of NIS 355.8 million compared to a net profit of NIS 121.5 million – an increase of almost 3 times.
Ofer Nimrodi, CEO of the settlement training: “We conclude a quarter with record results, reflected in a net profit of over NIS 400 million since the beginning of the year, and continue with the momentum of intensive and extensive activity and the promotion of our business plans. The acceleration of our growth is in accordance with the strategic plan, when in the activity of the logistics parks in Europe we expect to substantially increase the -NAV until the end of 2024, and in the field of yielding properties in Israel we are expected to increase the NOI by 2.5 times in the next five years. As part of the urban renewal activity in Israel, we promote projects in the scope of thousands of units, in recent years we have approved claims for about 6,500 units , and we established our position as a leading and groundbreaking company in this field. The year 2023 will be a leap forward for the training of the settlement for urban renewal, with construction beginnings on a very significant scale. At the same time, we continued to significantly strengthen the financial soundness of the company, a fact that is reflected in the consistent increase in equity alongside a significant reduction in the company’s financial leverage.”
Comments to the article(0):
Your response has been received and will be published subject to the system policy.
Thanks.
for a new comment
Your response was not sent due to a communication problem, please try again.
Return to comment