IDB Holding Corp. Ltd.subsidiary Property and Building Ltd. today published its financial report for the second quarter of 2007. The company posted a net profit of NIS 40 million, up 81% on the corresponding quarter of 2006. Revenue was unchanged at NIS 229 million, but rental income and storage services revenue rose 9% to NIS 102 million.
The company owned 1.6 million sq.m. of property worldwide at the end of June, and had 230,000 sq.m. of income-producing space under construction or planned in Israel.
