International subsidiary Delek Global Real Estate lost ₤54.5 million for the third quarter.

Delek Real Estate posted a net loss of NIS 761.6 million for the third quarter, compared with a net profit of NIS 82 million for the corresponding quarter of 2007. Revenue plummeted to NIS 9.4 million for the third quarter from NIS 1.53 billion for the corresponding quarter, thanks to write-downs on properties and subsidiaries. The company posted a write-down of NIS 299.2 million on properties, compared with a gain of NIS 294.4 million in the corresponding quarter, and a loss of NIS 203.2 million accruing from subsidiaries, compared with a gain of NIS 94.6 million in the corresponding quarter. Delek Real Estate said that, excluding these write-downs, it actually posted a profit of NIS 65 million for the third quarter.