Ampal-American Israel reports net loss of $17.3 million
Ampal-American Israel Corporation reported for the fourth quarter of 2002 a consolidated net loss of $17.3 million and revenues of $1.1 million. During the fourth quarter Ampal recorded a realized and unrealized loss on investments of $12.8 million primarily reflecting a permanent write-down of the company's investment in Blue Square-Israel.
Ampal and its subsidiaries primarily acquire interests in businesses located in the State of Israel or that are Israel-related. Ampal has diversified interests in telecommunication, energy, high-technology, real estate and capital markets. — (menareport.com)
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