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Israel Corporation Ltd. (TASE: ILCO) reported its financial results for Q4 and the full year 2022, highlighting a net profit from continuing operations of $132 million for Q4, compared to $110 million in Q4 2021. For the full year, net profit to shareholders was $921 million, up from $88 million in 2021. Total assets amounted to $4.204 billion, with net debt reduced to $179 million from $234 million in Q3 2022. The company announced a new dividend policy, allocating 45% of net dividend cash flow received from held companies, starting in 2023. In 2023, IC completed a $9 million investment in Nordic Aqua Partners A/S, a company focused on sustainable aquaculture.
Israel Corporation Ltd. (TASE: ILCO) announced its fourth-quarter and annual results for 2022, ending December 31. Key figures include a net profit from continuing activities of $132 million in Q4 2022, compared to $110 million in Q4 2021, and an annual net profit of $871 million, up from $269 million in 2021. The company reported total financial liabilities of $1,132 million and investments in liquid assets of $982 million. Additionally, a dividend policy was approved, targeting a 45% distribution of cash flow received from held companies, subject to board approval. IC also completed a $64 million transaction related to Bazan shares.
Israel Corporation Ltd. (TASE: ILCO) announced its third quarter results for 2022, reporting a significant increase in net profit from continuing operations of $262 million compared to $76 million in Q3 2021. The company's share in ICL's profit rose to $278 million from $103 million. Despite incurring a net loss from discontinued operations of $269 million in the previous year, net profit attributable to shareholders reached $289 million. As of September 30, 2022, IC's net debt decreased significantly to $234 million from $556 million, bolstered by a recent share sale transaction valued at approximately $161 million.
Israel Corporation Ltd. (TASE: ILCO) reported its fourth quarter and annual results for 2021, demonstrating significant financial movements. In Q4 2021, the company recorded a net profit of $160 million compared to a loss of $14 million in Q4 2020, with a yearly profit of $88 million versus a loss of $173 million in 2020. Key figures include a net debt of $951 million, down from $998 million in Q3 2021, and substantial shares in ICL and Bazan Group. IC's total assets net stood at $5.002 billion at year-end.
Israel Corporation Ltd. reported its second quarter 2021 results, showing a net profit of $66 million to shareholders, a significant recovery from the net loss of $101 million in the same quarter of 2020. The company's share in ICL profit rose to $64 million from a loss of $76 million, and Bazan's profit share increased to $23 million from a loss of $4 million. As of June 30, 2021, IC had total financial liabilities of $1,657 million but maintained liquid assets of $611 million, resulting in a net debt of $1,014 million. The company plans to invest $350-500 million across various sectors in the coming years.
Israel Corporation Ltd. (TASE: ILCO) reported its first quarter 2021 results, showing a significant recovery compared to Q1 2020. The company recorded a net profit of $55 million, up from a loss of $42 million last year. Key contributors included a profit share from ICL of $61 million and Bazan's profit of $18 million, contrasting with a loss of $48 million in the previous year. Financial liabilities stood at $1,493 million, with net debt at $1,022 million. The total assets reached $3,693 million, reflecting a solid financial position despite ongoing pandemic challenges.
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