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Koor Converts $5.1 Million Loss in 1967 to $2.5 Million Profit in 1968

May 6, 1969
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Koor Ltd., the industrial holding company of Histadrut, converted a $5.1 million loss in 1967 to a $2.5 million profit in 1968 and expects to have a surplus by the end of this year, according to its managing director, Maj. Gen. Meir Amit. There are $4 companies in Israel wholly owned or partially owned by Koor. Among them are Solel Boneb, the building cooperative, and the Mekorot Water Co., both giants by Israeli standards. The total turn-over last year was $160 million.

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