Crises are no hurdle for corporate revenue, D&B says

Leading trade and services companies show 27.9 percent increase to $55 billion in 2006.

By SHARON WROBEL
May 6, 2007 21:54
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Undeterred by the war in Lebanon and the leadership crisis overshadowing the country, corporate revenues continue to climb with Israel's leading trade and services companies showing a 27.9 percent increase to $55 billion in 2006, while sales at industrial companies rose 16% to $69b., Dun & Bradstreet Israel reported on Sunday. "Despite the war in the Lebanon, the political leadership crisis and the ongoing investigations of political leaders including the finance minister, the Israeli economy is growing and pushing forward from strength to strength," said Reuven Covent, CEO of Dun & Bradstreet Israel. The ongoing strengthening of the economy, he noted, was supported by a growing level of foreign investments during the year and the rally in the capital markets, which attracted foreign investors. The acquisition of Ivax in 2006 made Teva Pharmaceutical Industries Ltd., the largest industrial company with revenues of $8.4b., taking the top spot from Oil Refineries Ltd. (Bazan) in the D&B ranking of Israel's biggest industrial companies. Benefiting from the surge in oil prices, revenues at Bazan, which placed second in the ranking, rose 5.2% in 2006 to $6.4b. In third place was the Israel Electric Company where revenues increased by 4.9% to $3.9b., followed by Israel Chemicals Ltd. with revenues of $3.2b. in fourth place and the Israeli Aviation Industry with a trade volume of $2.8b. in fifth place. Alon Delek again led the list of the 150 largest trade and services companies in 2006 as revenues rose 36.5% over the previous year to $6b. as a result of the company's global expansion. Delek Petroleum Ltd. was ranked in second place with revenues of $4.9b. followed by Zim Integrated Shipping Services Ltd., generating revenues of $2.9b., Bezeq with $2.7b. and Paz with $2.3b.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS