Koor Industries Ltd. (Koor) is an Israeli-based holding company. The Company focuses on high-growth, internationally oriented Israeli companies. The Company actively invests in telecommunications through its holdings in Microwave Networks, ECTel and Telrad Networks; in agrochemicals through Makhteshim Agan Industries, and in defense electronics through the Elisra Defense Group, Tadiran Communications and Elbit Systems. The Company also invests in tourism and aviation through its holdings in Knafaim Arkia Holdings and the Sheraton-Moriah hotel chain. Koor's venture capital arm promotes growth in Israeli high technology companies. The Company's primary shareholder is the Claridge Group. As of year end 2008, the Company purchased 3.35% of Credit Suisse Group.
Quick Financial Synopsis
BRIEF: For the six months ended 30 June 2009, Koor Industries Limited's revenue totaled NIS1.64B. Net income for the period totaled NIS1.37B, up from a net loss of NIS119.9M. Revenue for the period reflects the sale of significant amount of securities. Net income reflects lower expenses for selling, marketing, services and miscellaneous. Earnings also reflect a significant decrease in financing expenses.
Company Address
Koor Industries Ltd.
Azrieli Center Triangle Tower, 43rd Floor Tel Aviv 67023
P: +9723.6075111 F: +9723.6075110